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Unexpected spring frost led to crop damage in citrus, fruit, and tree nut orchards throughout Turkiye. The Turkish government responded by providing financial compensation to farmers, hoping to stem their losses. Post will continue to monitor the effects of these weather events in the coming harvest season.

In 2023, Peru was the 28th-largest market for U.S. agricultural exports, valued at $851 million, making it the 3rd-largest market in South America. The U.S.-Peru Trade Promotion Agreement (PTPA) entered into force in February 2009, and U.S. agricultural exports reached $1 billion for the first time in 2014, peaking at $1.36 billion in 2018. The United States accounts for 14 percent of Peru's agricultural import market share, positioning it as the second-largest supplier to the country.

Turkiye’s pistachio production in marketing year (MY) 2024/25 is forecast to reach a new record due to multiple factors. Higher production volumes and larger-than-normal carryover stocks are expected to prompt sizeable export volumes of Turkish pistachios for the first time.

Post projects increased production in both walnuts and almonds in marketing year (MY) 2024/25 due to high yields caused by plentiful rainfall and favorable temperatures. Post estimates walnut production will reach 195,000 metric tons (MT) in MY 2024/25, a 11.4 percent increase year over year.

The report provides a comprehensive analysis of the tree nut market in Brazil, highlighting significant opportunities for U.S. exporters.

In marketing year (MY) 2023/24, Post estimates walnut production to increase by 3.1 percent and reach 198,000 metric tons (MT).

The “off-year” for production will push Turkiye’s pistachio production lower in Marketing Year (MY) 2023/24. The production of almonds and walnuts is forecast slightly higher but hazelnut production is expected to go down.

Good weather conditions and an “on-year” for production will push Turkey's pistachio production higher in MY 2022/23. The production of almonds and hazelnuts is likewise forecast higher, while walnut production is expected to remain steady.

For marketing year (MY) 2022/23, Post estimates 165,000 metric tons (MT) of walnut production, a 7.8 percent increase from MY 2021/22 following an increase in area planted and higher yields. Walnut exports are projected at 162,500 MT in-shell basis, which represents a 7.6 percent increase over MY2021/22.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

Post estimates 152,000 MT of walnut production for MY2021/22, a 2.7 percent increase over MY2020/21 following an increase in planted area.

It is an “off-year” for pistachios in Turkey, and consequently, Post forecasts a low production level for MY 2021/22.