A walnut boom saw farmers planting walnut orchards at a frenzied - TopicsExpress

A walnut boom saw farmers planting walnut orchards at a frenzied pace to capitalize on unprecedented commodity prices. People are taking out peaches and prunes and putting in walnuts. They did the same thing with prunes years ago. Everyone planted prunes, and the market went into the tank. A bountiful 2014 walnut crop in China prompted that country to pull out of the California export market, which lowered commodity prices and could hurt the growers’ bottom line. China has been the largest importer of California walnuts for the past several years, and with no comparable market available to fill its void, the walnut market could be in for a slowdown The walnut market could be headed for some uncertain years, and growers will have to wait and see if China’s withdrawal from the export market is a long-term trend. chicoer/general-news/20150105/with-good-crop-of-its-own-china-stops-buying-california-walnuts

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