Harvest season has arrived for pecans in Georgia. We have an excellent crop of pecans this year from the perspective of both volume and quality. However, the pecan market is quite disturbing to most growers at the moment. Prices so far in the early part of the harvest season are down considerably from recent years. They are down even in comparison to the prices we saw prior to China’s entrance into the market. In 2009, the average in-shell price was $1.28 per lb when averaged across all varieties and harvest dates. As China entered the market the following year, 2010, in-shell pecan prices averaged $2.17 per lb and we enjoyed similar prices until the trade tariffs went into place.
We were hearing all throughout the summer that prices would be lower this year and that is indeed the case. The highest prices I have heard of on the market were for early Pawnees at $2.35-$2.40/lb. This price didn’t hold for long and is now down in the range of $2.07-$2.26. Elliots have been in the range of $2.05-$2.15. I have spoken with growers who received $1.60 contracts for a few loads of Stuarts a couple of weeks ago, which is the highest price I have heard for that variety. Even good quality Oconee at 44 count and 56% kernel were only bringing $1.80-$1.90 offers. I have heard these prices have dropped a little as well. Moneymaker prices have been 0.60-0.90/lb, if you could even get a price quote for them. I don’t know of any Desirable sales yet at this point, but I have heard prices tossed about in the range of $1.75-$1.90. It’s hard to grow Desirable at any sort of profit when you get below that range
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