Chilean Walnuts Market Update: Volume, Availability, and Quality Analysis in 2023

We bring you crucial information on the Chilean walnuts market, highlighting the volume, availability, and prevailing market conditions.

Volume and Availability:

The quantity of large-sized walnuts is predicted to be lower than initially expected. It remains uncertain whether the supply will be sufficient to meet existing contract demands, with the final volume to be determined in the upcoming weeks. The overall 2023 volume is projected to be 15%-20% lower than 2022, varying by region.

Quality and Distribution:

The distribution of smaller-sized walnuts has exceeded projections, leading to a decreased availability of premium-quality products compared to initial expectations.

Market Situation:

At present, Chilean sellers are holding off on making new offers until the full crop volume can be assessed. The most recent contract, covering 80% of the crop, closed at an FOB price of $6.45.