Why has the price of walnuts in Xinjiang been rising this year？

1、Climate disasters have led to reduced production
Due to disasters such as sandstorms, scorched leaves and frost in late spring, the walnut production in Aksu Prefecture, the main production area of Xinjiang, has decreased by more than 20%, and the national total output has dropped by 6.8% year-on-year. The tight supply of high-quality fruits has further exacerbated the price increase. ‌ ‌

2. The rise pushes up the reserve price
   The early drought led to a decline in the per-unit yield of some orchards. The restricted labor costs and drying conditions delayed the initial processing progress after harvest by 5 to 7 days. The factory price has gradually risen from 5.56 yuan per jin in mid-September to 6.19 yuan per jin, an increase of 11.3%. ‌ ‌
3. The imbalance between supply and demand intensifies fluctuations
   Farmers generally hold back selling high-quality fruits, especially first-grade and premium fruits, waiting for higher prices. Although the supply in places like Dezhou, Shandong Province has increased, the wait-and-see attitude of farmers has made it more difficult for middlemen to obtain goods, and prices have continued to rise. ‌
4. Capital speculation has fanned the flames
   In some production areas, the phenomenon of capital intervention and speculation has emerged, further intensifying market fluctuations. ‌ ‌