Demand from health-conscious Chinese underpin world nut prices

Despite high import tariffs, China is still buying from the US

20190403 almonds from california

An almond-sorting line at a ranch in California: The U.S. state produces about 80% of the world's supply. © Reuters

SACHIHA KUROSE, Nikkei staff writer

TOKYO -- Health-conscious Chinese are helping to prop up the prices of nuts, in particular, that of almonds as bad weather puts a squeeze on supply.

Chinese demand is so strong that China is even importing U.S.-produced nuts, on which Beijing had hiked already high tariffs to 60% in September in retaliation against similar action from the U.S.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.