Walnut Market Update February 2022 Week 8

The Chinese walnut market price is at its lowest. US walnut companies want lower prices to get more market shares globally. However, contrary to market expectations that prices would change during the Gulfood expo, no such thing happened. 

China continues to enjoy a comparative advantage on walnut halves and costs. It is worth noting that the market has been more active since Gulfood, though. More orders are now coming in, so there is a possibility of prices increasing.

We will let you know as the situation progresses.