India: Tree Nuts Annual
In marketing year (MY) 2018/19, Post expects a 9 percent decrease in almond imports, at 95,000 MT, due to a May 23, 2018, increase of the Basic Custom Duty on shelled almonds, significant rupee depreciation and Indian trade’s concerns about the global trade outlook. For similar reasons, Post projects walnut imports to decrease to 19,000 MT. Indian domestic walnut production is expected to rise in MY 2018/19 to 34,000 MT. Despite increased production, Indian demand growth will continue to outpace production and imports will be necessary to fill the demand. Chilean walnuts are emerging as a major competitor to U.S. walnuts in the Indian market and has gained major market share for imported walnuts.
