Demand from health-conscious Chinese underpin world nut prices
Despite high import tariffs, China is still buying from the US
An almond-sorting line at a ranch in California: The U.S. state produces about 80% of the world's supply.
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.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapterFind out more
Free access for everyone - Sep. 30