During the past year, the temperature and climate in New Mexico have constantly been changing due to global warming. As a result, the current harvest of the pecans was affected as the highly needed cold period didn’t occur. Moving forward to the summer, various regions were struggling with the water supply for the pecans.
The added harvesting and logistical pressure for the first available new crop has complicated early season shipments. This leads to increased crop prices, we recommend that all customers contract as soon as possible. Our suppliers both in Mexico and the USA confirm that it’s very likely that prices will continue to strengthen throughout 2022.
Another factor for increasing prices is the current spread between halves and pieces ($1.00/lb.+), where halves are already approaching historically high levels. The present quantities are already short, and it’s likely that there won’t be many popular sizes available for this first quarter.
Pecan remain popular in demand at the end of year shipments as global consumption is rising. Therefore, we would encourage all customers to book as soon as possible as again; prices are only going up. Don’t hesitate to get in touch with us for more information!