China, Subjective Walnut Crop Estimate

Short crops were reported from Hebei, Henan, Gansu, Shaanxi and Shanxi due to widespread frost/snow, down 30% in Hebei, 50% in Henan, Gansu and Shaanxi, and 70% in Shanxi. The good news came from two top origins, Xinjiang and Yunnan, which expect above average crops, and accounting for over 60% of the total crop.
 
A larger than normal carry over and inactive demand worldwide have resulted in market declining at the end of the season.