Almonds: US crop breaks all records

February 15, 2021 4:08 PM, Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. According to the Almond Board of California, the 2020/2021 US almond crop actually exceeded the expected record result. At the same time, however, disappointing January exports were recorded.

Price pressure remains

Production expectations for the 2020 US almond crop were previously around 1.36 million mt. As the Almond Board of California announced in its January report, the result is now as high as 1.37 million mt. This is an increase of 21% over last year and sets anew record. Including the overstock supplies from last year, 1.58 million mt of shelled US almonds are available this season.

Not only the USA, but also Spain and Australia achieved good crop results; this causes some sales pressure in the market for the commo

View related articles
Go to the News Overview

Pine nuts: China's shocking dependency

BEIJING/REUS. The pandemic has disrupted supply chains and highlighted incremental problems. Pine nuts are no exception to this. The market was, however, stunned to find out to what extent China depends on external raw material supplies. China's production consequently fell well short of expectations in the current season due to supply chain disruptions. Production estimates have now been slashed by nearly 50%. Things are, however, expected to improve in 2021/2022.
7/21/21, Der AUDITOR

Hazelnuts: with pomp and circumstance

ORDU. President Recep Tayyip Erdoğan is expected to announce the TMO bid for hazelnuts with pomp and circumstance in Giresun next week. Although Turkey is mainly closed for Eid this week, the central bank has caused some commotion in the market by keeping the key interest rate unchanged at 19% - quite against Erdogan’s wishes. This move has certainly taken analysts by surprise. Suppliers are wondering in how far the central bank chief will be able to maintain his independence.
7/19/21, Der AUDITOR

Pistachios: traders refute INC assessment

TEHRAN/REUS. Traders are highly concerned over Iran’s ability to compete in the international pistachio market. Although recently issued export data was rather encouraging, frost and extreme heat will certainly impact this year’s production. On top of this, farmers are confronted with several problems. Local traders very much contradict the International Nut and Dried Fruit Council’s (INC) optimistic outlook.
7/19/21, Der AUDITOR

Pecans: high buying interest motivates growers

ATLANTA. Year-on-year, US pecan shipments rose by more than 26% during the first nine months of the season. This is motivating farmers to increase acreage to meet the high demand.
7/15/21, Der AUDITOR