Nuts

Almonds: exports slump by 14%

June 15, 2020 11:33 AM, Der AUDITOR
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SACRAMENTO/MADRID. Official figures state that the volumes of US almonds already tied up in shipments for the new season has doubled over last year. Buying is simultaneously declining in the spot market.

Italy and Turkey buy more

Although total US shipments for this season range higher than last year, figures have declined sharply in May. A total of 914,855 metric tonnes of shelled and unshelled almonds have been shipped this season so far. Domestic (+4% to 293,746 mt) and overseas shipments (+3% to 621,109 mt) have risen over last year. The downward trend observed in April has, however, continued throughout May. Domestic shipments have declined to 25,924 metric tonnes and overseas shipments to 43,879 metric tonnes, a 14% decline on last year. Important export destinations such as Spain (-30% to 4,745 mt), India (-27% to 5,978 mt) and Germany (-2% to 4,174 mt) and China/Hong Kong (-51% to 1,330 mt) have cut import volumes in May. Shipments to Italy have, by contrast, risen by 15% to 2,546 metric tonnes and to Turkey by 11% to 1,451 metric tonnes.

US almond shipments

Destination

2019/20

2018/19

Diff.

USA

293,746

281,749

4%

North and South America

41,565

38,271

9%

Asia/Oceania

223,091

248,004

-10%

Europe

248,407

233,126

7%

Africa/Middle East

108,046

80,931

34%

Total

914,855

882,082

4%

ABC, since the start of the season

Number of contracts double for new season

According to the Almond Board of California, an estimated 150,300 metric tonnes of US almonds were available on the free market as of 31 May, around 21% more than last year at this time. In view of the encouraging production estimates and the dent in exports, the pressure is most certainly on in the market. Market players are, however, also taking the opportunity to stock up early for the new season. Around 130,000 metric tonnes of US almonds are said to be tied up in contracts for 2020/2021, which is around twice as much as last year. Prices have also declined in Spain.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.25

Valencia, 12/14 mm, blanched, Spain

5.05

California, SSR, 27/30, natural, USA

4.05

Carmel, SSR, 27/30, natural, USA

4.15

Almonds, diced, USA

4.60

Almond meal, blanched, USA

4.40

FCA Spain

View more information
price chart, almonds. natural. 18/20, Valencia
price chart, almonds, natural 27/30, Largueta
price chart, almonds, blanched, 27/30, California SSRmore price charts

Attached Files

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price chart almonds natural California 27-30 SSR
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price chart almonds natural Valencia 12-14 Spain

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