A season of walnut harvesting has started in the beginning of September in Uzbekistan and is now in its peak phase, EastFruit experts report. Preliminary estimates of the harvest indicate a huge impact of weather anomalies in winter and early spring – harvest is lower and prices are higher compared to last year.
According to growers, the damage to the walnut crop from frosts in late February and mid-March 2021 ranges from 5% to 50%, depending on the region. The average damage to the walnut harvest in the republic is estimated at about 20-30%.
Wholesalers buy local walnuts in shell of a new harvest from growers and household plots at 10,000-20,000 UZS/kg ($0.94-1.87), depending on quality.
The average wholesale price of local walnuts in shell in the capital markets of Uzbekistan is 25,000 UZS/kg ($2.34) as of September 16, 2021, which is 25% higher than on the same date last year.
According to market participants, the demand for new harvest walnuts currently exceeds supply, and therefore prices are most likely to rise in the coming weeks.
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