The pecan harvest season is well under way in the Southeastern US and will soon be in full swing out west. This season has started a little slower than last year with many varieties ripening around 1.5 weeks later on average than last season. Weather has been good in the southeastern region with few storms and high winds delaying harvest.
Handler’s pecan inventories are trending slightly higher for the opening of this season compared to last year. September of last year pecan handlers were holding around 143.5 million pounds in inventory while this September shows handlers holding about 10% more at 157.3 million pounds.
Grower deliveries from the orchards are trending slightly lower, likely due to the later harvest date than last season. Prices on the farm are trending well above last season with large export quality pecans bringing above $2.00 per in-shell pound for quality pecans yielding about 50%. Last season pecan prices on the farm were much lower and for some it was a struggle to find buyers a few weeks into the season. Once early sales and gift pack orders were covered, buyers sat back and watched the market to see what prices would do.
This year is off to a better start with more buyers in the market and China coming back with a strong appetite for American Pecans once again. Deliveries have started off the season slower than last year however in all fairness September of last season did see the largest spike in deliveries for a single month on record.
Hi, My name is Matthew Bailey, I am from south Georgia born and raised in the heart of pecan country here in Dougherty and Mitchell county. I fell in love with the pecan industry around 2003 and enjoy learning new things about this industry every year. I am currently involved in the growing and exporting of pecans both in-shell and shelled. I love what I do, and being editor here at pecanreport.com is one of the ways I get to share that with the world. If you have any questions, comments, or concerns please contact me, I am always glad to help.