Hold onto your snack bowls! China has launched an anti-dumping investigation into pecan nuts imported from the U.S. and Mexico, sparking fresh buzz in global trade circles. 🌍💼
The Chinese mainland's Ministry of Commerce announced the probe Thursday, citing evidence that these countries allegedly sold pecans in China at unfairly low prices, harming local producers. The investigation – effective immediately – could reshape the $1.2 billion global pecan market favored by bakers and health enthusiasts alike. 🥧✨
"We'll ensure a fair process for all parties," a ministry spokesperson emphasized, adding that results are expected by September 2026 (with a possible six-month extension). The move comes as China's domestic nut industry grows rapidly, driven by rising demand for protein-rich snacks among Gen-Z consumers. 📈🇨🇳
While U.S. and Mexican exporters await the findings, food industry analysts are watching closely: China imported over 50,000 tons of pecans last year, making this a high-stakes crunch for global traders. 🚚💸
