China expects recovery of nut crop
China’s in-shell walnut production is forecast to increase by 27 percent in the 2022/23 campaign, largely because of a production rebound in western China. According to a USDA report, despite uncertainties over an economic slowdown and ongoing COVID restrictions, China’s almond imports are expected to pick up in 2022/23, given increased supplies and competitive prices. Almond imports are expected to be dominated by the United States and Australia. Walnut imports from the United States are expected to further decline due to competition from Chile and domestic production. Pistachio imports will be lower as a result of lower supplies in Iran.