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Diamond Foods, Inc. Message Board

  • grandfatherlures grandfatherlures Jan 12, 2013 10:05 AM Flag

    Diamond Foods get financial relief from a huge walnut crop ! Good News!

    Good weather seems to have lead to higher yields than anticipated for the Californian walnut industry. The California Walnut Commission will release its official figures for the season later this month, but early indications are that production will overcome the initial estimates by a considerable 10-20,000 tons, according to the commission's CEO, Dennis Balint.

    An increase was expected for the year already, with the USDA predicting 470,000 tons, compared to 461,000 in 2011.

    "We had good quality, and when you have good quality, sometimes you're blessed also with a little more product on the trees," Balint said. "Everything fell into place pretty well this past year."

    The crop was helped along by favourable weather during pollination time and ideal conditions during Spring. Further to this, dry weather made harvest easy later on in the year.

    "We didn't have much rain messing it up, so they just got in and got them," said Rick Buchner, a University of California Cooperative Extension farm advisor here. "It was an easy, fast and clean harvest."

    California walnuts account for 99 percent of the U.S. commercial supply and roughly three-quarters of world trade.

    Sentiment: Buy

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