Global Nuts Market Summary

• In Texas, peanut acreage has fallen to approximately 145,000 acres for 2026 following the previous season's surplus and weaker prices. Organic peanut acreage has also declined by 25%. Prolonged extreme heat and irrigation constraints threaten yields, making final production dependent on water availability and harvest conditions.
• Nigeria's cashew sector is seeking to improve tax administration and domestic processing capacity. The country reportedly loses around $1.3 billion annually by exporting unprocessed nuts, while inadequate electricity, logistics and security challenges limit local processors' competitiveness.
• Afghanistan's almond production has declined 20% year on year due to drought, encouraging farmers to consider higher-value, lower-water varieties. In contrast, Spain's expected bumper harvest could increase European supply, while US almond valuations remain strong despite reduced acreage.
• In the walnut market, France's Grenoble PDO has added the Frenor variety to diversify production and modestly improve yields. However, global oversupply, including strong Ukrainian production, is intensifying competition, while favorable trade conditions are supporting US producers.
• Georgia's hazelnut industry faces rising labor costs that threaten harvesting, maintenance and future productivity. Turkey retains its competitive advantage through scale, while steady but modest demand increases the importance of quality and cost control for Georgian exporters.