Are record high prices sustainable?
Pecan prices reached record highs this past season and the industry is concerned with the sustainability of these high prices. While it may be difficult to sustain these high prices this coming on-year, it appears doubtful that prices will weaken significantly. Increased demand from China has been an important factor influencing the recent surge in...
Read morePecan Exports: Is The Chinese Market Sustainable?
Pecan exports to China doubled in 2009 compared to 2008 and have increased about 860 percent since 2006 (see Fig. 1). Prices for improved varieties increased this past, high-production season. Price improvement during a high production year is very rare due to the counter cyclical nature of production and prices (see Fig. 2). The price...
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