Nuts

Almonds: US exports range 10% higher

September 14, 2022 2:44 PM, Der AUDITOR
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SACRAMENTO/MADRID. For US almond suppliers the new season has started off remarkably well with monthly exports ranging 10% higher in August than in July. High carry-ins should compensate for lower yields in 2022/2023.

Total supplies hit 3.38 billion lbs

According to the August position report issued by California Almonds the new season started off with carry-ins ranging 37.6% higher than last year at 837 billion lbs (379,569 mt). Estimates state that this year's production will range at 2.60 billion meat pounds (1.18 million mt) and the Almond Board of California registered 264 billion lbs (1.19 million mt) new crop arrivals in August, which is 15% down on last year. Total supplies should reach 3.38 billion lbs (1.53 million mt), which is nearly 20% up on last year.

Monthly shipments climbed to 228 million lbs (103,556 mt) in August, which is 10.10% up on August 2021. Domestic shipments, however, declined a bit by 1.67% to 65 million lbs (29,687 mt), whereas exports rose by 15.67% to 163 million lbs (73,869 mt). Important buyers such as Spain (37% to 23 million lbs/10,613 mt), the United Arab Emirates (+145% to 13 million lbs/6,092 mt) as well as countries such as Morocco (+552% to 7.1 million lbs/3,248 mt) or Turkey (+274% to 7 million lbs/3,238 mt) stepped up purchases in August, whereas shipments to other countries including India (-39% 22 million lbs/10,120 mt) or Germany (-7% to 12 million lbs/5,680 mt) declined.

US almond shipments, total, in 1,000 lbs

Destination

2021/22

2022/23

Diff.

USA

66,557

65,448

-1.7%

Spain

17,107

23,397

36.8%

India

36,584

22,311

-39.0%

UAE

5,487

13,431

144.8%

Germany

13,480

12,523

-7.1%

China/Hong Kong

6,980

9,315

33.5%

Morocco

1,098

7,160

552.3%

Turkey

1,907

7,138

274,2%

Italy

5,754

6,870

19.4%

Canada

5,548

5,853

5.5%

Others

46,850

54,855

17.1%

Total

207,354

228,302

10.1%

Almond Board of California, August 2022

Farmers in Spain campaign for profit shares

Although production is expetced to decline by 30% on last year in Spain, the prices for Valencia almonds have remained firm so far. Offers may, however, differ depending on supplier. Local media, however, report that production may be even worse than expected. This would spell disaster for farmers as production costs have risen sharply. Farmer associations are, therefore, campaigning for farmers to have a share in the profits processors obtain from selling almond shells that are frequently used as pellets for heating. Coupled with the subsidies farmers already receive this would be a great help to render cultivating almonds more attractive again.

Almonds

Type

EUR/kg

USD/kg

Valencia, 12/14 mm, natural, Spain

4.40-4.45

4.43-4.48

Valencia, +14 mm, natural, Spain

4.60-4.80

4.63-4.83

Nonpareil, extra no 1, 23/25, USA

5.95

5.99

Carmel, SSR, 23/25, USA

4.65

4.68

FCA Spain

 

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price chart, almonds, natural, +14, Valencia
price chart, almonds, natural 13/14, Largueta
price chart, almonds, blanched, 27/30, California SSR
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price chart almonds natural Valencia 12-14 Spain

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