Nuts

Almonds: exports top expectations

August 3, 2021 at 11:58 AM , Der AUDITOR
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MADRID/SACRAMENTO. Exports in May have taken Spain by surprise. Issue is that more almonds were shipped overseas than anticipated. The strong export season in the US also has its downsides as market players are now voicing concerns that carry-over supplies will not be able to meet demand until the new crop arrives.

Confusion over shipments to the US

Spain exported 7,798 mt of almonds in May, which is 27% up on May 2020 as AEOFRUSE, the Spanish Association of Dried Fruit Producers, reports. Traders are now voicing concerns that the carry-over may be smaller than expected. Total exports have, however, risen by a more moderate 3.7% between September and May and currently range at 96,175 mt. Germany is the main export destination, followed by France and Italy. While shipments to most countries are up, exports to the UK and Greece have notably declined.

Shipments to the Uni

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