The rise in price of walnut in Moldova is triggered by demand from European buyers


The rise in price of walnut in Moldova is triggered by demand from European buyers

01/14/2020

In Moldova, since the beginning of the year, products of all quality categories have risen in price – from light halves to dark quarters of walnut kernels

According to EastFruit, in the first decade of January 2020, the level of average prices for the walnut kernel has grown significantly – by $ 0.58 / kg, to $ 5.78 / kg. Products of all quality categories have risen in price – from light halves to dark quarters of the kernel. Representatives of the Union of Associations of Manufacturers of Nut-Fruit Cultures of the Republic of Moldova claim that the price increase – after their decrease during the second half of November and all of December – was provoked by demand from European (mainly German and French) buyers-traders who had exhausted their commodity resources at the end of 2019 , and resumed work after the Christmas holidays.

See also: In Uzbekistan, Tajikistan and Russia in 2019, walnut prices fell

At the same time, managers of large exporting companies claim that they fulfilled their main contracts for the supply of nuts to partner buyers in the EU in November-December. Given the “overheating” of the domestic market, when the prices for a high-quality walnut kernel during this period, due to high demand and limited supply, sometimes exceeded $ 6.3 / kg, Moldovan trading companies even imported walnut from neighboring Ukraine to Moldova to fulfill European export contracts . In December, individual traders suspended purchases of nuts on the domestic market, as they were not sure of guaranteed export of products outside seasonal contracts with regular customers in the EU.

In January, external demand and domestic supply appeared. The leaders of the industry union note in this regard that due to the lack of rainfall at the end of the past and at the beginning of this year, in some areas of the country, rural residents resumed collecting fallen fruits from walnut alleys along the roads. For the most part, these are low-quality products, but buyers also appeared on it.

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