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On February 1, 2023, India’s Ministry of Finance, Department of Revenue issued Notification No. 02/2023-Customs in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) (official gazette), whereby it sets the import duty tariff rate for pecans, HS code 0802.9900, at 30 percent, effective April 1, 2023.

On February 1, 2023, the Ministry of Finance, Government of India presented its annual Union Budget to the Lok Sabha (lower parliament house) for Indian fiscal year 2023/2024 (April 1-March 31). In its Finance Bill, 2023 (No. 02/2023-Customs), the Finance Ministry announced changes in customs and central excise duty rates for various commodities, including pecans.

This biannual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in tree nuts.

Japan has a well-developed food retail market that demands high-quality, high-value agricultural and food products. Despite reduced economic activity during the COVID-19 pandemic, trade data show that agricultural imports have remained resilient.

The tree nut market in Bulgaria had a slow, but stable recovery in marketing year (MY) 2021/22 due to reopening of the food service industry and an improved tourist and travel season. However, economic challenges, food inflation, and high energy prices have negatively affected the demand for higher-end nuts.

This biannual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in tree nuts.

On October 13, the Consumer Affairs Agency (CAA) opened a public comment period for the proposed revision to allergy labeling requirements for walnuts in Japan’s Food Labeling Standards. CAA will accept comments in Japanese through November 12, 2022.

China’s inshell walnut production is forecast to increase by 27 percent in marketing year (MY) 2022/23, largely because of a production rebound in western China. Despite uncertainties over an economic slowdown and ongoing COVID restrictions, China’s almond imports are expected to pick up in MY 2022/23, given increased supplies and competitive prices.

Good weather conditions and an “on-year” for production will push Turkey's pistachio production higher in MY 2022/23. The production of almonds and hazelnuts is likewise forecast higher, while walnut production is expected to remain steady.

In 2021, the European Union (EU)-27 imported $7.1 billion in tree nuts from the world. The United States, with $2.5 billion, is the largest EU-27 tree nuts supplier, accounting for 35 percent of total imports.

FAS New Delhi (Post) forecasts marketing year (MY) 2022/23 (August-July) Indian almond imports (shelled-basis) at 148,000 metric tons (MT) a slight decrease from MY 2021/22, as food inflation volatility, rupee depreciation, and global shipping challenges are likely to persist in the near term, impacting price.

Interactive Tableau visualization showing the percentage of exported agricultural production for 25 top commodities.