Moldovan walnuts hit by low demand in the EU and Turkey

After a month of stability, price decline for wholesale walnut kernels resumed in Moldova. The prices dropped by an average of 10 MDL/kg ($0.55/kg) to 110 MDL/kg ($6.11/kg) last week. The average price is still higher than at the start of the season in October (100 MDL/kg, $5.65/kg), or in January last year (90 MDL/kg, $5.11/kg).

Firstly, the current reduction is influenced by a dynamic depreciation of the Moldovan leu against the dollar and the euro, which is unlikely to slow down or stop in the near future. Secondly, some operators of the local market do not rule out that the decline of walnut prices in MDL will continue in Moldova in January.


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