Sep 19, 2023Walnut Bargaining Association sets minimum price recommendation
The Walnut Bargaining Association (WBA) issued a release to grower trade publications announcing its minimum price recommendation at 60 cents per pound in-shell. The price is based on jumbo/large Chandlers of good quality.
“While this recommendation is still less than profitable for many California walnut farmers, based on current market conditions WBA’s Board believes it’s appropriate and is nearly double the actual price received by growers last year,” Donald Norene, chairman of the WBA, said in the release.
“We are hopeful that grower prices will improve over last year and there is no reason they shouldn’t,” Norene emphasized. “The WBA is urging handlers to carefully consider grower profitability as they begin to sell the incoming crop. Growers won’t survive another year like last year.”
The full release is available online.