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US (GA): Increased demand, value and costs for nut growers
Rising demand for peanuts and pecans is good news for Georgian growers, especially as prices are rising also.
However, there are some downsides. The cost of production has also risen, with increases in prices of fuel and fertilizer.
Kent Wolf, an agricultural economist with the University of Georgia, credits overseas demand for pecans for part of the increased grower returns.
In 2005, for example, China bought 5 million pounds of pecans. By 2010, this had risen, not inconsiderably, to 100 million pounds.
Source: www.thegrower.com
Rising demand for peanuts and pecans is good news for Georgian growers, especially as prices are rising also.
However, there are some downsides. The cost of production has also risen, with increases in prices of fuel and fertilizer.
Kent Wolf, an agricultural economist with the University of Georgia, credits overseas demand for pecans for part of the increased grower returns.
In 2005, for example, China bought 5 million pounds of pecans. By 2010, this had risen, not inconsiderably, to 100 million pounds.
Source: www.thegrower.com
Publication date: 2/2/2012
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