Walnut market cracks: prices tumble despite strong demand amid health drive

Walnut prices in the European Union have fallen by 20 per cent year-on-year as a result of a global supply glut, despite soaring consumption by health-conscious consumers.

EU production is expected to rise by 5 per cent year-on-year to reach 117,000 tonnes for the 2015-16 season. This was intended to meet demand from the EU which has risen, up 2 per cent year-on-year, driven by a buoyant snack industry as consumers become more aware of the health benefits of walnuts with their high nutrient content.