Chinese Walnut Market Update October 2021

With information coming out Ukraine, Moldova, Romania, and other countries, it’s only natural to wonder what China has been up to. Earlier this year, we had a lot of information pouring out of China regarding the walnut industry.

So, for those who are curious about what’s happening, here’s what you need to know.

Market Changes

The price of walnut 185 was reduced by about 50 USD last week, but the price was only maintained for one day and was interrupted by a large amount of purchase demand. The price quickly rebounded and is expected to keep rising next week. 

The Chinese market has stabilized now since shipments have started successively. Massive harvest of Xiner was started, the price could be stable in the middle of October. 

Market Trends

After the first wave of centralized purchases by customers, farmers only hold less than 35% of raw walnuts. Most of the materials have been purchased by factories or individuals. Therefore, the supply of walnuts is now concentrated in the hands of a group of people, and the price is not easy to drop.

The walnut kernel from Yunnan origin is the most popular one because 90% of Yunnan walnuts are sold directly with kernels. The overall market is not very volatile and price stable.

Walnuts are sold both in shell and kernels; the shelled ones determine the price of kernels. But since the in-shell walnuts are still the main market at present, kernels have just started, so the price will take a few weeks to stabilize.