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For marketing year (MY) 2024/2025 (August-July), post forecasts India’s almond production marginally lower at 4,150 metric tons (MT) (shelled basis), compared to last MY estimates.

Post forecasts Ukraine’s walnut production at 101,300 metric tons (MT) for marketing year (MY) 2024/25, a 4 percent decrease against MY2023/24. Household production continues to slide as old, non-productive trees are being chopped down.

Ukraine introduced procedures for the approval of minimum export prices for selected bulk commodities, including grains, oilseeds, vegetable oils and meals, walnuts, and honey.

India is the world’s most populous country and boasts one of the fastest growing economies in the world. As Indian households continue to reach higher levels of consumer spending, imported agricultural products are becoming more accessible to a larger number of people.

FAS New Delhi (Post) forecasts India’s market year (MY) 2023/2024 (August-July) almond production lower at 4,200 metric tons (MT) (kernel-weight basis), 800 MT lower compared to the U.S. Department of Agriculture (USDA) official MY 2022/2023 estimate of 5,000 MT.

On September 5, 2023, and just in time for the G20 New Delhi Leaders’ Summit, India’s Ministry of Finance issued Notification No. 53/2023 (Customs), officially notifying the lifting of retaliatory tariffs imposed in 2019 on U.S.-origin almonds, apples, chickpeas, lentils, and walnuts effective September 6, 2023.

Post forecasts Ukraine’s walnut production at 106,500 metric tons for marketing year (MY) 2023/24, similar to MY2022/23. Production fell in 2022 because some production areas are currently in occupied territory at the time of the report writing.

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.

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.

Post projects Ukraine’s walnut production decreasing to 95,500 metric tons (MT) for marketing year (MY) 2022/23 based on a combination of suboptimal weather conditions and some production areas in Russian occupied areas. Exports were slow for two consecutive marketing years (MY) in a row: MY2020/21 – because of quality issues and administrative barriers by Turkey; and MY2021/22 – due to constrained logistics stemming from Russia’s invasion.

On June 17, 2022, the Ministry of Health and Family Welfare MoHFW)/Food Safety and Standards Authority of India (FSSAI) issued direction F. No: STD/SP_08/A1.2022/N-01-Part (1) to operationalize the draft Food Safety and Standards (Labeling and Display) Amendment Regulations (2022).