India: Tree Nuts Annual
Post expects that Indian almond imports (shelled basis) in marketing year (MY) 2015/16 will reach 61,500 MT, a nine-percent decrease from the MY 2014/15. This decrease is primarily due to the weaker Indian rupee and higher global and domestic market prices. Domestic walnut production in MY 2015/16 is forecast at 38,000 MT (in-shell basis), an eight-percent increase over the current year. Despite the production increase, high demand will continue to outstrip production and imports will continue to grow.
