Nuts

Almonds: Australia's exports set new record

October 12, 2022 at 4:35 PM, Der AUDITOR
Play report as audio

SACRAMENTO/CANBERRA. In August, US almond exports got off to a good start into the new season, while September figures were already much lower. Meanwhile, Australia recorded its best monthly export result ever.

US exports drop significantly

US shelled almond production in 2022 is estimated at about 1.18 million mt, with a crop of 443,846 mt registered by the end of September, down 8% from the same month last year, according to California Almonds. If there are no significant corrections, a total of 1.535 million mt of almonds would be available for the 2022/2023 season, compared to 1.52 million mt last season.

After the very good start to the 2022/2023 export season in August, nothing remains of the export lead after the significantly weaker September. In September, 85,450 mt of shelled and unshelled almonds were shipped domestically and overseas, 17% less than in the same month last year. Not only was domestic demand down 19% to 23,463 mt, but exports also shrank by 16% to 61,986 mt.

In the first two months of the new US almond season, a total of 189,006 mt of shelled and unshelled almonds were shipped domestically and internationally, about 4% less than in the same period last year. Domestic shipments were down sharply (-10%) at 53,150 mt and export volumes were also down by as much as 2% year-on-year to 135,856 mt. Important customers such as Spain (+10% to 15,209 mt), the United Arab Emirates (+39% to 11,482 mt) and Germany (+13% to 9,447 mt) increased their imports compared to last year, but at the same time shipments to India (-39% to 25,400 mt) declined significantly.

US almond* shipments, domestic and overseas, in mt

Destination

2021/22

2022/23

Diff.

USA

59,276

53,150

-10.3%

India

41,499

25,400

-38.8%

Spain

13,846

15,209

9.8%

China/Hongkong

13,519

12,553

-7.1%

UAE

8,267

11,482

38.9%

Germany

8,332

9,447

13.4%

Turkey

2,644

5,474

107.1%

Italy

5,414

5,425

0.2%

Canada

5,037

4,775

-5.2%

Morocco

976

4,716

383.2%

Others

38,503

41,374

7.5%

Total

197,312

189,006

-4.2%

Almond Board of California; August; *shelled and unshelled

Australia exports 15,000 mt in August

According to the latest data from the Almond Board of Australia, domestic shipments in August 2022 were 1,971 mt of shelled and unshelled almonds, 22% behind the figure for the same month last year (2,537 mt). Overall, domestic demand between March and August was 12,215 mt, about 9% less than this time last year. Exports reached 15,929 mt in August, almost 4,000 mt more than in August 2021 and the best result so far for this month.

A total of 53,216 mt of shelled and unshelled almonds were exported from Australia, which is similar to the 53,472 mt of overseas shipments in the same period last year. The main buyer of Australian almonds remains China with 27,579 mt this season, an increase of 37% compared to the same period last year. Shipments to Spain (+47%) and Turkey (+96%) also increased significantly. India manages to hold on to third place in the ranking, although shipments there have more than halved. Countries such as Germany and Vietnam have also imported far fewer almonds from Australia this season than in the 2021/2022 season.

In total, 65,431 mt of shelled and unshelled almonds have been shipped domestically and internationally since the start of this season in March, compared to 66,828 mt in the first six months of the 2021/2022 season.

Australian almond* shipments, domestic and overseas, in mt

Destination

2021/22

2022/23

Diff.

China

20,148

27,579

36.9%

Australia

13,356

12,215

-8.5%

India

13,775

5,887

-57.3%

Spain

2,471

3,634

47.1%

Turkey

1,061

2,081

96.1%

Vietnam

4,450

2,051

-53.9%

UAE

1,890

2,034

7.6%

Germany

1,840

1,606

-12.7%

USA

417

1,233

195.7%

Thailand

878

1,108

26.2%

IThers

6,542

6,003

-8.2%

Total

66,828

65,431

-2.1%

Almond Board of Australia; Mar-Aug; *shelled and unshelled

Prices remain stable

In the European spot market, prices for Spanish and Californian almonds have stabilised again for the time being. Valencia, 12/14 mm, natural were last offered for EUR 4.40-4.50/kg FCA Spain, while Carmel, SSR, 23/25 are currently at a level of EUR 4.70/kg FCA Spain.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.40-4.50

Valencia, +14 mm, natural, Spain

4.70-5.00

Nonpareil, Extra no 1, 23/25, natural, USA

6.05

Carmel, SSR, 23/25, natural, USA

4.70

California, SSR, 23/25, blanched, USA

5.75

FCA Spain

View more
price chart, almonds, natural, +14, Valencia
price chart, almonds, natural 13/14, Largueta
price chart, almonds, blanched, 27/30, California SSR
more price charts

Attached Files

File icon
price chart almonds, natural, 12-14 mm, Valencia

View related articles

Go to the News Overview
Nuts
Nov 28, 2022
NEW DELHI. Although market prices are already well above the minimum support price, many farmers are holding back their goods in the hope of further increases. This does not necessarily meet with approval from buyers.
Nuts
Nov 24, 2022
ATLANTA. As every year at this time, buyers try to drive down prices in the US pecan market. Experienced growers already know this game and do not get involved, while the new market players sometimes act less prudently.
Nuts
Nov 24, 2022
ORDU. Ferrero has taken centre stage in Turkey’s local media after the competition watchdog launched a legal investigation on the company’s market position. Hazelnut suppliers are, however, more concerned over the unexpected turn prices have taken.
Nuts
Nov 22, 2022
MADRID. Spain’s almond exports showed another dent in September but are still surprisingly good considering that production has declined sharply.