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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: TobagoJack who wrote (90671)5/27/2012 10:57:04 PM
From: Snowshoe  Read Replies (1) of 217801
 
Speaking of "exotic geographies, unusual economics, less than normal habits..."

The Chinese want our nuts! This is terrible! I'm experiencing some serious nut inflation!!! :O)

Shell Shock: Chinese Demand Reshapes U.S. Pecan Business
online.wsj.com

Pecans are as all-American as anything can be. Washington and Jefferson grew them. They are the state nut of Arkansas, Alabama and Texas. The U.S. grows about two-thirds of the world's pecans and chews most of them itself.

For generations, pecan prices have fallen with bumper crops and soared with lousy ones. But lately, they've only been going up. A pound of pecans in the shell fetched $2.14 on average last year, according to the U.S Department of Agriculture, nearly double what they brought three years earlier.

The reason: The Chinese want our nuts.

Five years ago, China bought hardly any pecans. In 2009, China bought one-quarter of the U.S. crop, and there's no sign demand is abating.

*****

At Navarro Pecan, the Texas sheller, Mr. Martin frets that if prices keep rising, Americans will simply make fewer pecan pies. At today's grocery-store prices a pecan pie takes between $5.50 and $7.50 worth of pecans, depending on the recipe.
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