Tree nut production in 2021/2022 is forecasted to reach similar levels to the previous season: global production is estimated at 5.2 million metric tons (almonds, Brazil nuts, cashews, hazelnuts, macadamias, pecans, pine nuts, and walnuts in kernel basis; pistachios in-shell basis), with expected annual increments between 16% and 3% in pine nuts, hazelnuts, macadamias, pecans, walnuts and almonds, mainly backed by increased planted areas and/or yields. Climate change, mostly droughts and frosts, might impact some crop outcomes.
Similarly, forecasted at 47.8 million MT (in-shell basis), global peanut production is also anticipated to remain within the previous season range. The outlook on overall volumes and quality is optimistic. Driven by the healthy and plant-based diet trends, snacking and new product consumption has been on the rise in Europe as well as in Argentina, although the export market, remains this origin's main focus. Chinese domestic market, traditionally dominated by oil consumption, is also seeing some growth in snacking and ingredients.
Mainly due to a 34% and 11% expected increment in global prune and table date production respectively, total dried fruit production (table dates, dried apricots, sweetened dried cranberries, dried figs, prunes, raisins, Sultanas and currants) for 2021/22 is forecasted at 3.1 million metric tons, up by 7% compared to 2020/21. Cary-over stocks are expected to be reduced by 7% from 2021/22 and overall supply and demand in balance. Retail sales were increased during 2020 as a result of lockdowns.
Similarly, forecasted at 47.8 million MT (in-shell basis), global peanut production is also anticipated to remain within the previous season range. The outlook on overall volumes and quality is optimistic. Driven by the healthy and plant-based diet trends, snacking and new product consumption has been on the rise in Europe as well as in Argentina, although the export market, remains this origin's main focus. Chinese domestic market, traditionally dominated by oil consumption, is also seeing some growth in snacking and ingredients.
Mainly due to a 34% and 11% expected increment in global prune and table date production respectively, total dried fruit production (table dates, dried apricots, sweetened dried cranberries, dried figs, prunes, raisins, Sultanas and currants) for 2021/22 is forecasted at 3.1 million metric tons, up by 7% compared to 2020/21. Cary-over stocks are expected to be reduced by 7% from 2021/22 and overall supply and demand in balance. Retail sales were increased during 2020 as a result of lockdowns.
