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US Pecans Export to Asia Increases 47% - The Chinese Market Becomes Prospective

Pubtime:2020-08-03Author:Source: Hits:


In the past ten years, the demand for US pecans was rising, and most of which is from increase of export. However, since the trade disputes between China and USA burst out, the US pecan export volume to China is reduced to the minimum in the past ten years.

The export of US pecans to the Chinese market is not totally pessimistic. As the trade agreement in the first stage is negotiated and concluded, China is expects to enlarge purchase of US agricultural products. On Feb. 14, 2020, the first stage trade agreement came into force, and on Feb. 17, 2020, China exempted customs duty for 696 varieties of US commodities, including 150 kinds of agricultural products.

The US pecans export to Asia increased 47% while China is the largest driving force of the growth source. Compared to the same period of the last season, the export of US pecans to China is increased 369%. In the previous season, from September 2018 to May 2019, US exported 34,900 pounds pecans to China. While in the same period this year, US exported 163,800 pounds pecans.

With China’s commitment on purchasing US agricultural products worth of USD 40-50 billion, US pecan growers placed great expectations on the Chinese market. They wish the shipping amount of pecans toward China could grow to the level before the trade war, and continue to expand the market.