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Almonds: exports take another hit

December 20, 2022 at 3:47 PM , Der AUDITOR
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MADRID/SACRAMENTO. Although almond exports in Spain and the US are not quite as bad as anticipated, the market still has a lot of catching up to do if the perfomance is to be as good as last year. Spot market prices are on the move in Europe.

Exports down in Spain

Spain exported 87,949 million pounds (39,893 mt) of almonds between August and October, which is nearly 9% down on the same period last year. While shipments to France have only nominally declined, slumps are being reported in shipments to other EU destinations such as Germany, Italy and Belgium and the Netherlands. Shipments to Russia have, by contrast, risen sharply by 36%. At 32 million pounds (14,532 mt) monthly shipments even ranged 20% lower in October than last year.

Almond exports, Spain in mt

Destination

2021/22

2022/23

Diff.

France

9,646

9,570

-0.8%

Germany

10,891

8,698

-20.1%

Italy

8,048

6,918

-14.0%

Portugal

1,728

1,757

1.7%

UK

1,593

1,550

-2.7%

Poland

1,241

1,343

8.3%

Belgium

1,860

1,197

-35.6%

Netherlands

1,332

897

-32.7%

Switzerland

665

717

7.7%

Russia

465

634

36.2%

Others

6,225

6,612

6.2%

Total

43,695

39,893

-8.7%

Ministry of Industry, Tourism and Trade,
01/08-31/10

US shipments take another hit

Crop receipts only reached 2.151 billion pounds (975,310 mt) on 30 November as California Almonds report. Although this is 7% down on last year, the figure is still on track to meeting the forecast 2.60 billion pounds (1.18 million mt). California Almonds also indicates that total supplies presently range 2.44% higher than last year at 2.94 billion pounds (1.33 million mt), which is mainly attributed to the high carry-in supplies.

Although exports exceeded expectations in November, they still ranged 9% lower than last year at 142.697 million pounds (64,726 mt). Domestic shipments also declined by 5% to 61,598 million pounds (27,941 mt) in November and total shipment by 8% to 204,296 million pounds (92,667 mt). Total exports for the season reached 835.590 million pounds (379,018 mt), which is 4% down on last year. Not only did domestic shipments decline by 6% to 244.356 million pounds (110,838 mt) but overseas shipments also declined by 3% to 591234 million pounds (268,179 mt). Although shipments to India ranged 17% lower, the country maintained its position as leading export destination for US almonds, followed by China and Hong Kong, Spain and the United Arab Emirates. While demand is clearly up in Spain, the United Arab Emirates and Turkey as well as in the Netherlands, this failed to compensate for the declines in Asia. Grand total shipments range 4% lower than last year at 835.590 million pounds (379,018 mt).

US almond shipments in 1,000 lbs

Destination

2021/22

2022/23

Diff.

USA

260,879

244,356

-6.3%

India

146,891

121,787

-17.1%

China/Hong Kong

81,155

62,200

-23.4%

Spain

51,609

59,693

15.7%

UAE

41,006

50,191

22.4%

Germany

34,475

34,251

-0.7%

Turkey

19,645

24,215

23.3%

Netherlands

26,633

22,281

19.5%

Japan

25,591

20,898

-18.4%

Italy

22,758

20,333

-10.7%

Others

162,339

175,385

8.0%

Total

872,981

835,590

-4.3%

California almonds, 01/08-30/11
Shelled and inshell

Prices slip in Europe

Although prices are already relatively low, they have slipped further in Europe. US almonds are trading particularly low and the spot market prices for blanched California SSR almonds size 23/25 have hit USD 5.73/kg (EUR 5.40/kg).

Almonds

Type

EUR/kg

USD/kg

Valencia, 12/14 mm, natural, Spain

4.35

4.62

Valencia, +14 mm, natural, Spain

4.70

4.99

California, SSR, 23/25, blanched, USA

5.40

5.73

Organic, Valencia, 12/14 mm, natural, Spain

7.20

7.46

Organic, Valencia, +14 mm, natural, Spain

7.45

7.91

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

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price chart almonds natural Valencia 12-14 Spain

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