Pecan prices have been depressingly low all harvest season. But they have not dropped much more in the last month or so, according to Lenny Wells, University of Georgia Cooperative Extension pecan specialist.
“What I’ve been hearing, they’ve been fairly stable for the last two or three weeks. Good nuts have been selling in the range of a $1.15 to $1.35 (per pound), mostly, somewhere in that range. It doesn’t really matter what variety it is or anything. If it’s a decent nut, it’s selling in that range. Of course, the poor-quality stuff is well below $1,” Wells said.
Low pecan prices were expected but not to the extreme levels that growers have experienced this year. While prices have not been good this year, pecan volume is the highest Georgia producers have seen in years.
Wells estimates there will be between 120 million and 125 million pounds of pecans produced this year.