This episode provides a comprehensive overview of recent trends in the global walnut market.

• In October 2025, U.S. walnut shipments rose significantly to £158 million, an 8.94 percent increase compared to the same month in 2024. This growth was primarily fueled by a surge in export demand, which reached £120 million, while domestic shipments saw a modest 2 percent rise to £38 million. Since the start of the season, total shipments have reached £421 million, up 10 percent from the previous year.
• The European market remained a key importer with a 5 percent volume increase to £102 million, while Middle East imports declined slightly by 0.7 percent to £3 million. By the end of October, sales commitments climbed to £467 million, an 11 percent year-over-year increase, supported by a 15 percent monthly rise in new sales.
• Crop receipts for October stood at 1.123 billion pounds, reflecting a stable harvest trend compared to the previous year's £1 billion. Market sentiment remains positive, driven by robust export growth and successful penetration into new markets, particularly in Southeast Asia, where demand from countries like Thailand has strengthened.
• Despite this optimism, stakeholders are monitoring potential risks, including geopolitical tensions and input cost volatility that could affect pricing strategies. U.S. walnut exports are making notable inroads into emerging markets, offsetting slowdowns in traditional regions. Continued focus on these new opportunities is seen as essential for sustaining global competitiveness.
• Overall, the walnut market presents a narrative of strong export-driven expansion with cautious strategic planning to manage supply chain and logistic challenges.