date:Jan 22, 2014
Chinese demand.
Before 2009, US prices ranged from $4.50-$5.00/lbs but rose to over $7.50 in 2011. Buyers expected these prices rises to continue, but in 2012 prices recovered to more normal levels. Forecasts for the 2012 US pecan crop, at 265m lbs, were higher than expected and more than 30% more than a normal average for an off year. The final harvested crop in 2012 was the highest volume since 2007, and prices fell. Unfortunately this was not to last, and 2013 saw prices on the rise again a