Pace of walnut harvesting accelerates in Moldova

According to the leaders of companies specialized in the purchase and export of nuts, the active start of the harvest of the new crop in 2019 started later than the optimal time, for a number of reasons. However, as more and more laborers have been released from other fruit growing segments (after the grape / apple harvesting was completed) and they have moved on to walnut harvesting, the pace of this crop's harvesting has accelerated. According to the managers of the main exporting companies, by the beginning of November, “the quantity of walnut kernels purchased is already the necessary one for the fulfillment of fixed-term contracts.”

To a decisive degree, this has been facilitated by the increase in purchase prices. Traders say that those prices are now "excessive and eat up most of the exporters' margins;" however, given the late entry into the season and the excitement in the Moldovan walnut market, there has been a not entirely justified price increase.

In November, exporting companies will gradually reduce the volume of purchases and focus on processing and the supply of nuts abroad. However, according to the leaders of these enterprises, procurement prices will remain at the current high level until the end of December. In early 2020, prices for the walnut kernel are likely to fall by 10-15%.



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