Why are pine nuts so expensive now?

Pine nuts grow in forests in their native countries of China, Russia, North Korea and Pakistan, not on farms. “Extracting the nuts is incredibly labor-intensive and this drives prices up,” said Jason Kong, operations manager at Tridge, a market intelligence company focused on food and agricultural products.

Are pine nuts so expensive?

Pine nuts have long been desired for their unique flavor, use in traditional recipes, and health benefits. They’re also one of the most expensive nuts in the world, selling for upwards of $117 per kilogram.

Why is there a shortage of pine nuts?

The reasons are several – poor crops, increased demand and the ever-present climate change. And prospects for a turnaround aren’t good. The domestic version of pine nuts comes from the West and Southwest, produced by the piñon pine. A poor crop coupled with the high demand, and there was very little to go around.”

Is there a pine nut shortage 2021?

Since 2019, China’s pine nut market has reportedly experienced a gap in production versus demand. China’s pine nut output has reached 75,000 tons in 2021, but market demand stands at 110,000 tons, meaning that supply is running short of demand by over 30\%.

What is the most expensive pine nut?

Pine nuts – $23 per pound.

Why are point nuts so expensive?

Pine nuts are one of the more expensive nuts on the market because of the time required to grow the nuts and the effort to harvest the seeds from their protective encasement.

What is a good price for pine nuts?

One ounce of pine nuts costs around $1.44, compared to around 42 cents for almonds, according to a review of prices on Amazon. “When you taste a fresh pine nut, there’s nothing like it.

Why are nuts expensive?

Tree nuts are in general expensive to produce, and they can’t be planted in most of the world, because the soils and weather are not suitable. A farmer has to invest something in the order of $50,000 per acre over the course of four to seven years before he sees a nickel of income from a nut orchard.

How much do pine nuts cost per pound?

$193.90 / 5lb bag ($38.78/lb)