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Nut prices rise despite role as US-China trade war fodder

Brisk global demand outweighs dampening effect of Beijing's tariffs

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

TOKYO -- Global prices of almonds and nuts are rising, contrary to the expected impact of the U.S.-China tariff battle.

Almonds are going for around $3.25 per pound, or 453 grams, in the U.S., having jumped 8% since the September-October period of last year. The U.S. produces 80% of the world's almonds, with the state of California leading the way.

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