date:Jun 13, 2012
Pecan prices are up nearly 100% over the past three years to $2.14/pound, largely due todemand from China.
Five years ago, the Chinese purchased virtually no pecans, but now consumer one-fourth of the $550MM U.S. crop. The surge in demand comes from the Chinese consumers who believe eating pecans will benefit the brain in both young and old. The rising demand for pecans is good news for American farmers, with almost one fifth of Chinese imports from America going to food products ($16.6bn).Exp