Market updates on edible nuts with up-to-date price trends
Nuts
Jun 23, 2022

Hazelnuts: from bad to worse

ORDU. Attention has certainly shifted towards the new hazelnut crop in Turkey. Demand is frustratingly low and suppliers are using creative means to change this. Things will, however, turn from bad to worse for many hazelnut manufacturers in Turkey.
Nuts
Jun 22, 2022

Walnuts: traders want to part with stocks

SACRAMENTO/SANTIAGO. At the end of the season, walnut shipments from the USA pick up once again. The overall weak export results of the season so far increase the sales pressure on the supplier side.
Nuts
Jun 22, 2022

Cashews: Vietnam's imports down significantly

HANOI. As Vinacas announced, Vietnamese imports declined noticeably year-on-year in the first four months of 2022. The country's exports are also lower than last previous year, although the decline here is more moderate.
Nuts
Jun 22, 2022

Pistachios: hard choices

TEHRAN. As accurate statistics on Iran’s annual pistachio production are lacking, it is challenging to issue reliable forecasts. Fact, however, is that spring frosts have caused extensive crop damages in the past two years and that farmers have lost large amounts of money. Yet, water scarcity is the most serious threat as growers are already confronted with the harsh realities of climate change.
Nuts
Jun 22, 2022

Almonds: Australia's April exports reach record level

MADRID/CANBERRA. Almond exporters report good export figures. US shipments are slowly picking up, Spain's exports remain well above last year and Australia could face a new record season.
Nuts
Jun 20, 2022

Macadamias: China on the rise

REUS. While floods have hit this year's macadamia production in Australia, China is about to become one of the leading producers. Inflation coupled with geopolitical tensions are weighing on demand and prices are on the move in Europe.
Nuts
Jun 15, 2022

Pecans: gap between supply and demand

ATLANTA. With strong marketing in the wake of the newly formed American Pecan Promotion Board, growers are hoping for higher demand - but this also brings some difficulties, according to Pecan Report.
Nuts
Jun 15, 2022

Hazelnuts: buyers go mad

ORDU. Although the TMO raised the stakes in the third round of sales by demanding a price of TRY 44.00/kg for inshell hazelnuts, exporters in Turkey are shocked to find that the state-run organisation successfully attracted buyers mad enough to pay such a price. While speculations are running wild in Turkey as to what prompted such a run on the TMO, it is next to impossible for suppliers to set the right prices for the new season.
Nuts
Jun 14, 2022

Pistachios: climate crisis challenges industry

MASHAD. Climate change has prompted pistachio production to shift towards the northwest and northeast of Iran. Drought and water scarcity have, by contrast, reduced production in Kerman province, which is located further south. The Khorasan Razavi province, in the northeast, however, scores with much more than climatic diversity.
Nuts
Jun 13, 2022

Almonds: drought and inflation

SACRAMENTO/MADRID. While buyers and suppliers are concerned with inflation, California is bracing for the driest months of the year. Water stress will be an issue in the next few months and prospects are rather bleak after the harvest. US almond shipments, nevertheless, hit a record in May.
Nuts
Jun 8, 2022

Hazelnuts: TMO raises the stakes

ORDU. Although Turkey’s inflation soared to a 24-year high of 73.5% in May, the central bank is optimistic that the tide will turn. President Recep Tayyip Erdoğan also promised more interest rate cuts in a speech he gave on Monday. Prospects are, however, far from encouraging for hazelnuts and traders are speculating on how successful the TMO will be in the third round of sales.
Nuts
May 31, 2022

Hazelnuts: a golden opportunity

ORDU. Despite Erdoğan’s assurances that inflation would improve after May, the Turkish lira has lost ground in recent weeks. The local currency even devalued by more than 20% immediately after treasury and finance minister Nureddin Nebati suggested that the lira had reached its lowest point. High inflation coupled with Erdogan’s unorthodox interest rate policy, nevertheless, present a bizarre opportunity for speculators. Suppliers have also issued cautious offers for the new crop.
Nuts
May 30, 2022

Pistachios: run on kernels

TEHRAN. Iran’s pistachio exports have declined sharply between January and April. While drought and excessive heat impacted last year’s production, prospects are also far from encouraging this year. Curiously, there is also a noted run on pistachio kernels.
Nuts
May 25, 2022

Hazelnuts: strange market dynamics

ORDU. Over the last few weeks reality has kicked in that sufficient supplies are available, and attention shifted more towards the new crop. At present, the mood is, however, shifting in Turkey’s hazelnut market. Issue are strange dynamics. The market may also have to adjust production estimates for the new crop.
Nuts
May 25, 2022

Almonds: conservative guesstimate in Spain

MADRID/SACRAMENTO. While almond production will range 4% lower in California at 2.80 billion pounds, things are also far from encouraging in Spain. According to the National Nut Board production will range 30% lower than last year. Judging by experience, however, the estimates presented by this organisation tend to be rather conservative.
Nuts
May 23, 2022

Peanuts: unease over supply and demand

NEW DELHI. Although the prices for peanuts have fluctuated in a narrow range in India in recent weeks, traders reckon that this is about to change. Issue are global factors, especially since production is under the weather in Brazil. Recently updated production estimates, however, tell a different story.
Nuts
May 19, 2022

Hazelnuts: tricky demand situation

ORDU. Economists reckon that Turkey is witnessing an unprecedented economic crisis of epic proportions. Hazelnut suppliers report the inflation is much worse than official figures suggest, and exporters are dealing on slippery grounds. The production estimates issued at the International Nut and Dried Fruit Congress also illustrate some surprising trends.
Nuts
May 18, 2022

Walnuts: China expects an production increase of 27%

SACRAMENTO/DUBAI. A noticeable crop increase in China means that global walnut production is expected to be around 17% higher than last year and yields are also expected to increase in other main growing countries. Meanwhile, US exports in April were again above this season's average.
Nuts
May 18, 2022

Cashews: EVFTA shows its positive effects

HANOI. The EU is the second most important export market for Vietnamese cashew nuts after the USA. The EVFTA trade agreement contributed significantly to an increase in exports to EU markets last year.
Nuts
May 17, 2022

Almonds: NASS confirms production decline

SACRAMENTO/CANBERRA. According to the National Agricultural Statistics Service (NASS) production will range 4% lower than last year at 2.80 billion pounds. US exports have picked up and exports form Austiralia have even doubled.
Nuts
May 16, 2022

Pecans: worst drought in 1,200 years

SANTA FE/SACRAMENTO. Studies have found that the western parts of the USA are confronted with the worst prolonged drought in 1,200 years. Since water is restricted local farmers now have to make difficult decisions.
Nuts
May 12, 2022

Hazelnuts: suppliers assess new INC crop estimates

ORDU. Turkey’s hazelnut suppliers are testing the market at the World Nut and Dried Fruit Congress (INC), which is coming to an end in Dubai. While the TMO’s anticipated price policy will hardly prove sustainable, Ferrero stands much better chances in 2022/2023. Domestic demand has, meanwhile, picked up in Turkey.
Nuts
May 12, 2022

Pecans: last year's record will not be topped

ATLANTA. In the 2020/21 season, both US domestic consumption and exports reached a record high, according to data from the American Pecan Council. These levels will not be reached in the current season as demand is declining.
Nuts
May 11, 2022

Almonds: high water prices could be fatal

MADRID/SACRAMENTO. Spanish farmers' associations are demanding compensation for almond growers after the frost-related losses. In California, the acreage is estimated to have increased by 3.8% compared to last year, but high costs for pesticides and water reduce the yield prospects.
Nuts
May 11, 2022

Walnuts: Hungary's exports to the EU drop drastically

BUDAPEST/SANTIAGO. In the past two years, more and more buyers in the EU have switched from Eastern European to Chilean goods, so that Hungary, for example, hardly records any exports to EU countries. A large part of the crop is destined for the domestic market.
Nuts
May 11, 2022

Cashews: traders face the future with concern

HANOI/NEW DELHI. The harvest is in full swing in the growing countries of the northern hemisphere, but the outcome seems to be disappointingly small. In addition to lower availability, logistics problems and rising production costs are also causing headaches for traders.
Nuts
May 9, 2022

Macadamias: Australia cuts estimates

CANBERRA. After weeks of speculations over the extent of damage caused by floods and extreme weather conditions the Australian Macadamia Society (AMS) has now issued revised production estimates. Production will range 10% lower than initially anticipated. Although harvesting is extremely difficult, there is also some good news.
Nuts
May 5, 2022

Hazelnuts: cold weather delays crop assessment

ORDU. Despite rumours and speculations over possible crop damages, Turkey’s hazelnut shrubs escaped the risk of sudden frosts in March and April unharmed. At present, temperatures, however, range below normal, which is delaying developments. Italy’s production will also prove decisive for suppliers.
Nuts
May 4, 2022

Pecans: in the middle of the pollination phase

ATLANTA. This year's pecan crop in the North American growing regions is developing well so far and the trees are in the important pollination phase. Provided there are no unforeseen weather disasters, farmers are quite optimistic.
Nuts
May 4, 2022

Cashews: high energy costs to dampen demand

AMSTERDAM/HANOI. The market experts at Aldebaran reckon that the extreme increase in energy costs due to the Ukraine war will have a negative impact on demand. The cashew market is also strongly affected by this.
Nuts
May 4, 2022

Almonds: Spain slashes production estimates by 50%

MADRID. Cold and wet weather in spring has caused severe damage in Spain's almond orchards. Spain has now sharply revised the production estimates for 2022/2023 downwards. This has also impacted prices.
Nuts
May 3, 2022

Pistachios: famers left to struggle

KERMAN/WASHINGTON D.C. Frost has nearly wiped out this year’s pistachio production in Iran. The sudden drop in temperature in the second half of March basically froze the crop in the gardens. Some producers are left with nothing in Kerman province.
Nuts
May 2, 2022

Peanuts: war is not the only issue

ATLANTA. Current geopolitical tensions have hit peanuts hard as is the case with most agricultural commodities. Uncertainty is the issue here, especially since acreage remained shrouded in mystery for quite a while. These are, however, not the only problems presenting a challenge for producers.
Nuts
Apr 28, 2022

Hazelnuts: China axes demand

ORDU. With May around the corner attention is shifting towards the new hazelnut crop in Turkey. Although things are quite encouraging at present, China’s zero-Covid strategy is giving suppliers headaches. Ferrero’s response to the TMO’s attempt of lifting prices will also shape the market in the weeks to come.
Nuts
Apr 28, 2022

Almonds: 2022 crop estimated at last year's level

MADRID/SACRAMENTO. Market players have ventured their own forecasts regarding the coming US almond crop. In Spain, fear of frost damage is also driving prices higher.
Nuts
Apr 25, 2022

Cashews: Vietnam retains market position in U.S.

HANOI. Vietnam is the leading supplier of cashews for the U.S. and the UK. While Vinacas, the Vietnam Cashew Association, is concerned about losing market shares in the U.S., things are more encouraging in the UK. Prices are also turning in different directions in the EU and India.
Nuts
Apr 21, 2022

Almonds: Nonpareil variety particularly affected by frost

SACRAMENTO/MADRID. The extent of the frost damage could still not be determined, hopes are pinned on the USDA's crop report and the first official crop forecast, both of which are due to be published within the next three weeks.
Nuts
Apr 21, 2022

Hazelnuts: lira is a killer

ORDU. As people are struggling with skyrocketing prices in Turkey, hazelnuts have turned highly political. Suppliers even state that the situation is so bizarre that it hardly matters what size the new crop will be as prices will largely be determined by other factors. Exporters are keen to avoid the TMO and regard the Turkish lira as a killer.
Nuts
Apr 21, 2022

Desiccated coconuts: uncertainty shapes the market

MANILA. In their latest report, the experts from T.M. Duché take a look at the coconut market, which is marked by the pandemic and geopolitical conflicts. There are small rays of hope, but also major concerns.
Nuts
Apr 20, 2022

Pecans: short supply after low crop

ATLANTA. After the North American crops in 2021 were lower than hoped for, some suppliers are now worried about whether they will be able to fulfil all their contracts. So far, growers are hopeful for 2022.
Nuts
Apr 19, 2022

Pistachios: frost wipes out crop

KERMAN. Frost has caused severe damage in Kerman Province, where Iran mainly produces pistachios. Although farmers witnessed warmer weather in the second half of March, temperatures suddenly dropped close to freezing in the last five days of the month. Any efforts the farmers undertook to protect their crop such as burning tires in the gardens proved useless.
Nuts
Apr 14, 2022

Walnuts: March exports slightly up

SACRAMENTO/SANTIAGO. US walnut exports recovered slightly in March, but at the same time domestic shipments were significantly behind those of last year. Overall, about 25% fewer walnuts have been shipped domestically and overseas since the beginning of this season.
Nuts
Apr 13, 2022

Cashews: exports decline in the first quarter

HANOI. The latest statistics from the Vietnam Customs Department show that the country's cashew exports in the first quarter of 2022 fell in both volume and value compared to the same period last year. March exports have also declined.
Nuts
Apr 13, 2022

Almonds: massive regional damage expected

MADRID/SACRAMENTO. Freezing temperatures at the beginning of April are said to have caused losses in the Spanish growing regions. Australia closed the export season with another record, while US shipments continue to lag behind last year.
Nuts
Apr 12, 2022

Hazelnuts: Levant quality is less in demand

ORDU. Although a large parts of the hazelnuts offered by the TMO are of the Levant variety, this sort is much less in demand than, for example, Giresun hazelnuts. Meanwhile, rumours about possible frost damage should be treated with great caution.
Nuts
Apr 5, 2022

Almonds: growers calculate higher costs

SACRAMENTO/MADRID. Favourable weather conditions in the Californian growing areas ensure that the almonds can develop well. Following the flowering period, warm temperatures prevailed, but last week a low-pressure area caused extensive local rainfall.
Nuts
Apr 5, 2022

Peanuts: difficulties are hard to assess

ATLANTA. Like most other agricultural commodities, the peanut market is facing problems such as the effects of the pandemic, transport difficulties and, last but not least, the Ukraine crisis. Above all, the global effects of the war are still difficult to assess at present.
Nuts
Apr 5, 2022

Hazelnuts: high risk TMO price

ORDU. In the second round of sales the TMO has raised the selling price for inshell hazelnuts to TRY 41/kg. Manufacturers, however, reckon that this price bears more risk than any rumours over possible crop damages. The recently issued EU imports for 2021 show a clear trend regarding demand.