This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

California Walnut Industry Expects Quality Crop Early

FOLSOM, Calif., Sept. 5, 2013 /PRNewswire/ -- Today, the USDA National Agricultural Statistics Service California Field Office released the annual crop estimate for walnuts, predicting the annual yield to be 495,000 short tons. 1

(Photo: http://photos.prnewswire.com/prnh/20130905/SF75272)

"We enjoyed a warm, dry spring which will allow us to harvest up to a week earlier than the 2012 crop, and we are expecting good quality, plentiful walnuts for our customers around the world," states California Walnut Commission Chairman Donald Norene. The 2013 estimate is less than 1% shy of last year's crop of 497,000 short tons.

Walnut production has been increasing, with more than 11,000 new walnut acres 2 planted this year, contributing to a crop that has nearly doubled in the last decade. "Domestic market development and continued expansion of export markets will be critical to future production gains. New emerging markets, such as India, will play a vital role in developing the industry's future consumers," Norene added. In July, market access was granted allowing California walnuts to be shipped to India. 

"Global demand for walnuts remains at an all time high because consumer awareness of the versatility and nutritional benefits of walnuts continues to grow," states Dennis A. Balint, CWC Chief Executive Officer. "With over 100 published health research papers, people are increasingly aware of the many health benefits walnuts provide." In fact, the number of consumers eating walnuts to improve their health has doubled in the past five years. 3 Additionally, walnuts are the only nut that contain a significant amount (2.5 grams per ounce) of alpha-linolenic acid (ALA), the plant-based form of omega-3 fatty acid, and also contain fiber (2g) and protein (4g).

"As the fourth leading export from the state of California, we estimate the value of walnuts may top $1.5billion in farm gate revenue," says Dennis A. Balint. In year to date shipments 4, the U.S. accounted for 36% of shipments while 64% of the crop was exported to countries on five continents.  California walnuts account for more than 99% of the commercial U.S. supply and control roughly three-fourths of world trade. 

For more industry information, health research and recipe ideas, visit www.walnuts.org.

Media resources available:

  • Expert interviews
  • High resolution photography
  • B-roll
  • Walnut recipes

About California Walnuts:The California walnut industry is made up of more than 4,000 growers and more than 90 handlers. The growers and handlers are represented by two entities, the California Walnut Board (CWB) and the California Walnut Commission (CWC).

California Walnut CommissionThe California Walnut Commission, established in 1987, is funded by mandatory assessments of the growers. The Commission is an agency of the State of California that works in concurrence with the Secretary of the California Department of Food and Agriculture (CDFA). The CWC is mainly involved in health research and export market development activities.

Non-Discrimination StatementThe California Walnut Commission (CWC) prohibits discrimination in all programs and activities on the basis of race, color, national origin, age, disability, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual's income is derived from any public assistance programs.  Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact the CWC offices at (916) 922-5888.  To file a complaint of discrimination, write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). CWC is an equal opportunity employer and provider.

The California Walnut Commission offices are located at 101 Parkshore Dr., Ste. #250, Folsom, CA 95630

1 USDA, National Agricultural Statistics Service: http://www.nass.usda.gov/Statistics_by_State/California/Publications/Fruits_and_Nuts/201309walom.pdf  2 USDA, National Agricultural Statistics Service, California Field Office: www.nass.usda.gov/ca 3 Rose Research Attitude & Usage Study, 2013. 4 California Walnut Board Monthly Management Report August, 2013

SOURCE California Walnut Commission

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs