In one year kernels, which are largely grown in either the US or Iran, have surged from $7.65 a pound to around $10.30 a pound, Giles Hacking, from nut trader CG Hacking, told the Financial Times.

It posted a better than expected 3% rise in first quarter sales and said it remained confident in achieving its full-year expectations despite the trade war hurdles. The lack of an outlook upgrade ...