Market updates on edible nuts with up-to-date price trends
Nuts
Jan 27, 2022

Brazil nuts: positive prospects for the new crop

LIMA. The harvesting process in the South American rainforests has begun and market players report a good yield and high quality so far. However, the hoped-for price reductions remain questionable.
Nuts
Jan 25, 2022

Almonds: November exports rise sharply in Spain

MADRID. Recently issued export data by the Ministry of Industry, Tourism and Trade shows that Spain stepped up its almond shipments by 20% in November. Exports have, in fact, performed well this season so far. France has advanced to the leading export destination.
Nuts
Jan 25, 2022

Hazelnuts: traders have their suspicions

ORDU. As the Turkish lira continues to firm against the US dollar and the euro not all hazelnut traders are convinced that the financial turmoil witnessed in recent months is over. Although Turkey’s central bank left interest rates firm at 14% on Thursday and Finance Minister Nureddin Nebati assured economists on Saturday that inflation will range lower than expected in the next few months, a high degree of uncertainty remains.
Nuts
Jan 25, 2022

Cashews: no supply squeezes in 2022

HANOI. High carry-in supplies coupled with good crops in Vietnam, India and Côte d'Ivoire should ensure a steady supply this year. Exports are, however, anything but simply.
Nuts
Jan 24, 2022

Almonds: traders could take a two-track approach

MADRID/SACRAMENTO. Spain's almond exports are benefiting noticeably from the logistical problems in international trade this season. For European buyers in particular, they are a good alternative. Meanwhile, the prospect of high end-of-season stocks in the US market is causing concern among market players.
Nuts
Jan 20, 2022

Walnuts: tough year for US exporters

SACRAMENTO. Transport problems had caused many US exporters to miss the important Christmas business. High prices had also initially deterred buyers, but have now returned to a more attractive level.
Nuts
Jan 19, 2022

Almonds: US exports still struggling

SACRAMENTO. As logistics are still an issue US almond exports have slowed for the fourth consecutive month in December. Total shipments declined by 17% between August and December.
Nuts
Jan 19, 2022

Cashews: tough competition for Indian exporters

HANOI/NEW DELHI. Even though prices for Indian cashews are approaching a more attractive level again, suppliers there will have a hard time keeping up with the competition from Vietnam and African growing countries. Vietnam achieved a new export record in 2021.
Nuts
Jan 12, 2022

Brazil nuts: anticipation grips market

SUCRE. After production proved disastrous in 2021/2022, hopes are high that things will improve in 2022/2023. Heavy rains may, however, be decisive. Anticipations for the new crop have also hit Europe.
Nuts
Jan 12, 2022

Pecans: US shellers rely on shipments from Mexico

ATLANTA. The Pecan Promotion Board intends to change the market considerably. For instance, the board is playing with the idea of introducing a tariff for imports from Mexico to the USA. As demand is high the market certainly has enormous potential.
Nuts
Jan 12, 2022

Hazelnuts: shock for buyers

ORDU. Speculations are rife over president Recep Tayyip Erdoğan’s future after the government in Turkey introduced a lira deposit-protection scheme at the end of December to support the national currency. This prompted a sudden and rather unexpected surge in the Turkish lira, which proved to be a smack in the face for buyers in the hazelnut market.
Nuts
Jan 12, 2022

Peanuts: high stakes for growers in 2022

ATLANTA. Rising running costs are forcing US farmers to carefully decide, which crops are worth it this year. The market, however, performed well in 2021.
Nuts
Jan 11, 2022

Cashews: distorted supply situation

HANOI/NEW DELHI. Cambodia’s inexplicable surge in raw cashew nut exports to Vietnam will certainly continue to impact the market this year. Although traders reckon that the 445% hike in shipments from Cambodia to Vietnam is overrated, a surge has taken place, which has distorted the supply situation in Vietnam. Prices in India have approached more attractive levels.
Nuts
Jan 10, 2022

Desiccated coconuts: new year starts with high prices

MANILA. A low vaccination rate and the aftermath of a heavy typhoon keep causing production delays in the Philippines. Market experts do not expect noticeable relief in 2022.
Nuts
Dec 21, 2021

Pistachios: exporters are satisfied

TEHRAN. The unfavourable weather conditions this year caused Iranian pistachio production to decline by about a quarter. Nevertheless, market players are satisfied with the development of exports this season.
Nuts
Dec 20, 2021

Hazelnuts: buyers lose track

ORDU. With the Turkish lira hitting new lows against the euro and US dollar and exporters issuing prices for hazelnuts that have nothing to do with the current market situation it is hardly possible for buyers to keep track of developments. Trouble is that the central bank again cut the key interest rate by 100 basis points on Thursday. Thereby, the bank is holding firm to President Recep Tayyip Erdoğan’s bizarre strategy of lowering interest rates while inflation spirals out of control.
Nuts
Dec 15, 2021

Almonds: US exports lag far behind

SACRAMENTO/MADRID. The export season for US almonds got off to a flying start in August, with exports up by a third year-on-year. From September onwards, however, exports dropped significantly and this trend continued in the following months. November also showed a deficit compared to the same month last year.
Nuts
Dec 14, 2021

Walnuts: 30% slump in US exports

SACRAMENTO/SANTIAGO. November saw another sharp decline in US walnut exports. Issue is that many buyers prefer to wait for the new crop, for which shipments are, however, delayed. This plays into the hands of traders in Chile, who are certainly profiting in Europe.
Nuts
Dec 13, 2021

Hazelnuts: explosive situation

ORDU. Although the Turkish lira remained relatively firm last week, it has now plummeted to a new low against the US dollar and euro. Issue is that S&P Global Ratings lowered the outlook for the lira to negative on Friday coupled with speculations on new interest rate cuts on Thursday. According to Bloomberg, the central bank is expected to cut interest rates by another 100 basis points to 14%. Not all reactions make sense in the hazelnut market.
Nuts
Dec 9, 2021

Pecans: smaller crop in Georgia

ATLANTA. Now that the US growing regions have recovered after the massive storm damage of 2018, a relatively small crop is nevertheless being reported from the most important growing state of Georgia. However, this was to be expected.
Nuts
Dec 8, 2021

Cashews: German market offers a lot of potential

HANOI. Vietnam has by far the largest market share of German cashew imports. However, there is still room for improvement, also due to the simplifications resulting from the free trade agreement.
Nuts
Dec 6, 2021

Hazelnuts: chaos continues

ORDU. Chaos continues in Turkey’s financial market. Not only did President Recep Tayyip Erdoğan appoint a new finance minister on Thursday but Fitch Ratings also revised the country’s outlook to negative. For traders it is simply impossible to determine which way the hazelnut market will turn. Much also depends on Ferrero, the TMO and demand.
Nuts
Dec 1, 2021

Desiccated coconuts: farmgate prices maintain record level

MANILA. In addition to high commodity prices, export prices for desiccated coconuts have also increased. And since all bad things come in threes, there is no relief in sight for freight costs either.
Nuts
Nov 30, 2021

Pistachios: exceptional quality but high costs

MASHHAD. Although growers produce high-quality pistachios in Iran’s Khorasan Razavi Province, not much profit is made from exports. This is mainly due to the lack of specialised organisations and pistachio export unions as financial issues have put many off. Production has also suffered from adverse weather conditions this year.
Nuts
Nov 29, 2021

Cashews: new cargo ship route facilitates exports

HANOI. As Cornhouse and the INC report, there are more than enough cashews available on the world markets. Exports are causing some difficulties, but these should be eased by a new container ship route in the Indian Ocean.
Nuts
Nov 29, 2021

Hazelnuts: selling at a loss is not an option

ORDU. In reaffirming in public that he has not intention of changing Turkey’s easy monetary policy President Erdoğan again sent the lira tumbling last week. The lira has, in fact, lost 25% in value against the euro within only one month. This and other uncertainties have plunged the hazelnut market into chaos.
Nuts
Nov 29, 2021

Almonds: Spain's September exports up by 20%

MADRID/SACRAMENTO. The massive slump in US exports is causing almond prices to fall. Spanish almond suppliers, however, can be pleased with a significantly better export volume. September exports are 20% higher than in the same month last year.
Nuts
Nov 24, 2021

Cashews: African countries can score with lower freight costs

REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021

Almonds: prices down by EUR 0.80/kg within two months

SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021

Macadamias: production rebounds

REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021

Hazelnuts: lira record low boosts demand

ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.
Nuts
Nov 18, 2021

Pistachios: production in Turkey declines by 70%

REUS/ANKARA. While according to the INC, production in Turkey and Iran has dropped significantly, the USA is experiencing only a slight decline in production despite the current "off-year". This is due to the larger area under cultivation.
Nuts
Nov 18, 2021

Pine nuts: global production increase of 25% expected

REUS/BEIJING. After the disappointing yields of last year, the INC experts expect a significantly higher supply of pine nuts this season. However, prices for Chinese pine nuts are still at a relatively high level.
Nuts
Nov 17, 2021

Peanuts: China remains top producer

REUS/BEIJING. In its latest estimates, the INC shows that global peanut production increased slightly in the 2021/22 season. China remains the undisputed leader.
Nuts
Nov 16, 2021

Pistachios: water is not the only issue

TEHRAN. Pistachios are essential to Iran’s economy. Not only do they provide jobs for around 5 million people but also generate income in much needed foreign currency. Advantage is that cultivation requires little water. Issues with this valuable resource, however, do not pose the only threat to the entire industry.
Nuts
Nov 16, 2021

Walnuts: 36% slump in exports in October

SACRAMENTO. While the US export season started off with a 13% rise in September, matters are now entirely different. Exports range nearly 30% lower than last year this season so far.
Nuts
Nov 15, 2021

Cashews: China increases imports significantly

BEIJING/HANOI. China increased its cashew imports by more than 20% year-on-year and Vietnam remains by far the most important supplier. In Africa, processing is to become a stronger focus in the future.
Nuts
Nov 15, 2021

Hazelnuts: the great unknown

ORDU. The recent depreciation of the Turkish lira is having a sustained impact on the export prices for hazelnuts, especially since the lira fell to a record low against the US dollar on Friday. Traders are highly concerned over this week’s interest rate decision. The exchange rate, however, does not present the greatest unknown factor.
Nuts
Nov 15, 2021

Almonds: slump in US exports

SACRAMENTO/MADRID. While the US almond export season started with a bang in August with international shipments rising by more than a third over August 2020, things have changed since. Exports have been rather weak for two months in a row now. Prices are also not quite what the market expected.
Nuts
Nov 11, 2021

Walnuts: transport problems weigh on traders and growers

SACRAMENTO/PARIS. The lack of containers and cargo ships in the USA means that some of the goods are still piling up on the growers' farms. This could lead to losses in the end, as parts of the crop cannot be brought in due to lack of space.
Nuts
Nov 10, 2021

Pecans: Brazil achieves record crop

REUS/BRASILIA. As reported by the INC, Brazil's pecan crop increased by more than 70% compared to last year and achieved an absolute record volume. China's production volume is also increasing significantly, while Mexico's crop has dropped by almost a third.
Nuts
Nov 10, 2021

Almonds: prices continue to slump

MADRID/SACRAMENTO. Logistics still present a challenge and the lack of empty containers is a particular cause of consternation. The spot market prices for almonds continue to lose ground in Europe.
Nuts
Nov 8, 2021

Brazil nuts: global production declines significantly

REUS/SUCRE. The INC expects a global production decline of 17.5% for the Brazil nut season 2021/22. Only one of the most important producing countries can keep its volume at a stable level. This is also reflected in the prices.
Nuts
Nov 8, 2021

Hazelnuts: unattractive prices

ORDU. Although exchange rate fluctuations have prompted suppliers to adjust export prices, the lira no longer takes centre stage in Turkey’s hazelnut market. Attention has rather shifted towards quality issues, widening price gaps and a change in buying. Georgia and Azerbaijan are far from successful in competing with Turkey.
Nuts
Nov 3, 2021

Walnuts: traders contradict US experts

SACRAMENTO/CHISINAU. The USDA has published its estimates for global walnut production. Eastern European traders, however, contradict the optimistic estimates. In addition, there are delays in the harvesting and drying process. Meanwhile, Chinese exporters are very interested in shipments to the EU.
Nuts
Nov 3, 2021

Pistachios: production is at risk

KERMAN. Iran’s Kerman Province largely depends on pistachio exports, which generate a valuable source of income. Annual revenue ranges at USD 1.5 billion. Rainfalls have, however, decreased by as much as 80% this year and traders are convinced that Iran’s position as leading supplier is under threat if the country fails to adapt to climate change.
Nuts
Nov 2, 2021

Almonds: global crop to be 8% lower than last year

MADRID/SACRAMENTO. Due to unfavourable weather conditions in the main growing regions of Spain and in California, a lower crop result has been discussed for some time. In the meantime, the USDA has also published its estimates for global almond production in 2021/2022.
Nuts
Nov 2, 2021

Peanuts: traders in India hope for shift in demand

ATLANTA/NEW DELHI. The shipping crisis presents an unprecedented challenge for US peanut suppliers. Although export demand is high, suppliers are having difficulties meeting contracts. Overseas demand has, by contrast, declined in India this year.