Top US walnut producer eying India's booming market

Bs_logoImage
Press Trust of India Hughson (US)
Last Updated : Oct 25 2015 | 1:22 PM IST
With India's market for walnut showing strong demand, a top American producer and processor is confident of doubling his exports to India this year of the 'king of nuts', considered a good source of healthy fats.
"We are excited about the possibilities in India regarding California walnuts," John Mundt, owner of Alpine Pacific Nut Co., Inc. Said.
"We feel India has a lot of untapped potential with regards to the population size as well as the desire for people to start eating what is considered a healthy diet/life style," Mundt told PTI in this Californian prosperous city.
"We are hoping to double our volume this year may be to 30 container loads," he said.
India allowed California walnuts to be shipped to the country in 2013.
He also noted that people in countries like China and India who have entered the middle class and have money to spend were increasingly consuming walnuts, which is good for health.
"People are just eating healthier in general," he said.
Alpine Pacific Nut, which has a 500 acre farm in California's fertile Central Valley, and a state-of-the-art processing plant, mainly sells inshell walnuts that are packed in 50-pound sacks that are then either hand shelled in India or sold inshell to local markets.
"We are working with a handful of local importers who have been able to help us navigate the markets. Since this is fairly new market for California Walnut suppliers its very important to have some good contacts in India who know the local markets and can gain new markets for us," Mundt said.
He also noted that like any new markets it will take time to develop the Indian market and this could take a few years.
"But so far we are liking the potential (of the Indian market)," he said.
At the same time, he said that price is always the determining factor in exports.
"We see pricing this year as very favorable and this could help increase our volume to India," he said.
Alpine Pacific was founded 17 years ago by John Mundt and his wife Catherine.
The company currently processes over 40 million pounds of California walnuts and distributes domestically and overseas. Apart from a modern orchard and mechanised operations, it has a modern processing plant which includes latest equipment used for hulling and drying walnuts.
The company is active in most markets from the industrial user, to bakeries, to re-baggers as well as inshell markets. Walnuts are harvested from September to November.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 25 2015 | 1:22 PM IST