Early market activity in California has been quiet so far, activity is well behind where it has
been over the past several years. The final estimate will be released on the 7th of
September; the estimate is tipped to be in the vicinity of 700,000 metric tonnes. The Walnut
Handler Coalition will meet in Sacramento to set opening export prices on the 13th, the
market will official open after this meeting.
Overall the crop looks healthy, however, extremely high temperatures continue to take
its toll. Sunburn is visible on the tops of trees as well as on trees on the outside rows of
orchards. Nervousness remains about what affect the heat will have on the colour of the
The Californian harvest is set to begin shortly; trees will begin being shaken around the 10th
As previously discussed, prices will open significantly higher than last year due to the brisk
selling rate of 2016.
In China, the subjective Walnut Crop estimate is 880,000 metric tonnes. The crop is
marginally below last year which was 900,000 metric tonnes.