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Pecans February 5, 2021

The crops in the various states and origins is significantly different. The state of Georgia has an excellent crop with excellent quality while the states of Arizona and Texas are off. Mexico is much worst and only expecting approx. 65% of the crop in comparison with 2019. Total availability so far is OK as Chinese purchasing interest is slow. Sellers on inshell Pecans have made some reservation for the Chinese buyers but when they would enter the market, prices are expected to increase. As the availability of uncommitted inshell pecans is limited and sales of halves been very good, prices for halves increased over the past 4-6 weeks and might go up a bit further. It is our recommendation to cover your requirements until new crop.