Peca-what? Southern pecan prices jump thanks to Chinese appetite
Ah, the pecan: Few things evoke Southern lore more than the soft nut and its namesake pie and sugary praline counterpart.
And thanks to a fluke in pecan v. walnut prices a few years back, the Chinese appetite for the Southern nut is booming and now consumes some 25% of the American production, nearly doubling the price and putting a damper on many businesses that embrace it.
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