On January 26, 2007 The California Walnut Marketing Board announced the 2006 California Walnut inventory.

2006 Orchard Run Production - 343,844 tons (688 million pounds)
2006 C.A.S.S. (California Agricultural Statistics) - 350,000 tons (700 million pounds)
2005 Orchard Run Production - 354,000 tons (708 million pounds)

2006 Inshell Walnut Inventory - 96,484,000 tons (an increase of 39,056,000 from 2005)
2005 Inshell Walnut Inventory - 57,428,000 tons

If you were to add the gain of 16,403,5220 inshell product to the shelling pool the result is 143,539,520 total inshell. The total supply of walnuts to be sold would be 9% less than in Jan 2005.

Bottom Line

We expect rising markets and short supplies for the rest of the 2006 crop year.

You can expect an increase in price for LHP (Light Halves and Pieces) to the $2.89 range. Currently CHP (Combination Halves and Pieces) are at the $2.65 range, but we are predicting more price pressure.

If you would like to view a full report from the Walnut Marketing Board, click here.

Walnut Marketing Board- Carmel Valley Ranch

Mid Valley Nut representatives present during this 2 day event were Billy Casazza, Cox and Tamara Thornton. John and Suzanne Casazza were noticeably absent due to the birth of their first grandson in Denver, CO. Congratulations!

Billy, Cox and Tamara mingled with fellow guests during the Cocktail Hour discussing various topics such as the 2006 delayed crop due to the wet spring, but on the flip side everyone enjoyed beautiful weather during the harvest season. Various other hot topics of discussion were the perceived decrease in Chandler edible yield, export shipping issues and the upcoming INC in Madrid, Spain May 10-12, 2007.

During the dinner the Walnut Marketing Board presented the distinguished Golden Nut Award to Dr. Joan Sabate for his extensive and influential research on the health benefits of walnuts. Thank you! Thank you!

Friday Discussions:
Independent Handler Coalition Meeting: