Chinese Pecan Demand Doubles Prices in USA

April 18, 2011

We're always hearing about how jobs are being lost to China, but when it comes to pecans, the opposite is true. As the Chinese economy grows, so does the demand for higher quality food stuffs, and as a result demand for some American agricultural exports is surging. According to an article in the Wall Street Journal, recent media coverage in Beijing touting the health benefits of pecans has caused a surge in demand for the nuts. With prices doubling from 2008 to 2010, it's been a boon for pecan farmers, who have also seen the value of their orchards double. Food producers who use pecans as an ingredient, including bakers and ice cream producers, are not as happy to see their raw ingredient costs skyrockets. Watch this video for more on the growing linkages between the food systems of the World's two largest economies.

Photo by: FotoosVanRobin