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Chinese nuts for American pecans

Monday - 4/18/2011, 10:39am  ET

pecans (AP Graphics Bank)
Pecans are grown across the South, from New Mexico to Georgia. The Chinese like them for their health benefits. (AP)

UNDATED - The rivalry between the U.S. and China is going nuts. Specifically, the Chinese want U.S. pecans.

In 2009, China bought one quarter of all U.S. pecans. Five years ago, they hardly bought any.

In the past 3 years the price has nearly doubled to $2.14 for a pound of pecans in the shell.

The Wall Street Journal reports nearly $1 of every $5 China spent on U.S. products last year went to buy food of some sort.

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