date:Aug 28, 2020
ut-of-home snacking and from the food service sector led to a steep drop in consumption, according to Ashok Krishen, head of the edible nuts business at agricultural commodity trader Olam.
It was reported that, coupled with expected bumper harvests in many of the nut varieties this year, the fall in demand has led to an oversupply of nuts in the market and a sharp fall in prices.
Suppliers have found themselves with warehouses full of raw and processed nuts and contracts signed for deliveries