Export prices of nuts down 12.3 percent in year ending November 2018

December 19, 2018

‘Tis the season for nutcrackers but not nuts. Nut export prices continue to decline, with a 12.3-percent drop over the year ending November 2018. Overall, nut export prices were 34.2 percent lower in November 2018 than in December 2014.

Export prices for nuts, 12-month percent change
Month Price Change for Nuts

Dec 2015

-10.4%

Jan 2016

-20.4

Feb 2016

-29.8

Mar 2016

-32.2

Apr 2016

-35.0

May 2016

-34.5

Jun 2016

-33.4

Jul 2016

-31.8

Aug 2016

-31.5

Sep 2016

-32.2

Oct 2016

-27.9

Nov 2016

-25.1

Dec 2016

-21.9

Jan 2017

-12.5

Feb 2017

-5.6

Mar 2017

4.8

Apr 2017

6.9

May 2017

3.6

Jun 2017

-1.8

Jul 2017

0.0

Aug 2017

-0.8

Sep 2017

4.6

Oct 2017

5.7

Nov 2017

7.6

Dec 2017

7.3

Jan 2018

8.8

Feb 2018

11.7

Mar 2018

10.3

Apr 2018

6.1

May 2018

5.8

Jun 2018

6.8

Jul 2018

2.6

Aug 2018

0.3

Sep 2018

-1.8

Oct 2018

-12.3

Nov 2018

-12.3

U.S. nut exports are primarily made up of hazelnuts, pecans, pistachios, walnuts, and almonds, with California producing approximately 80 percent of the world’s almond supply. Along with nut prices, a 10.7-percent drop in soybeans prices also contributed to the decrease in overall agricultural export prices from November 2017 to November 2018.

To read more about nuts, check out Beyond the Numbers: The Rise and Fall of Almond Prices. These data are from the International Price program. They are not seasonally adjusted. Import and export price changes may be revised in each of the 3 months after original publication. For more information, see “U.S. Import and Export Price Indexes — November 2018.” We also have more charts on import and export price trends.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices of nuts down 12.3 percent in year ending November 2018 on the Internet at https://www.bls.gov/opub/ted/2018/export-prices-of-nuts-down-12-point-3-percent-in-year-ending-november-2018.htm (visited September 15, 2019).

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