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Almonds: US exports still down

November 16, 2022 at 9:46 AM, Der AUDITOR
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SACRAMENTO/MADRID. US almond exports in October were again not able to keep up with the result of October 2021. However, European countries such as Spain and Germany imported significantly more almonds during this period than last year. In Spain, some organisations are looking for ways to make almond cultivation more lucrative for growers.

Spain and Germany increase imports

According to California Almonds, a crop of 751,570 mt was registered by the end of October, about 8% less than in the same period last year. Official estimates put the 2022/2023 US crop at 1.18 million mt of shelled almonds. Adjustments may be made in the coming months, but in the absence of significant corrections, a total of 1.535 million mt of US almonds would be available for the 2022/2023 season, compared to 1.52 million mt last season.

However, after a good start in August, monthly exports are lagging behind last year. In October, 97,345 mt of shelled and unshelled almonds were shipped domestically and overseas, still 1% less than in the same month last year. Shipments to the domestic market increased by 0.6% to 29,748 mt, while the export volume shrank by almost 2% year-on-year to 67,597 mt.

In the first three months of the 2022/2023 US almond season, a total of 286,351 mt of shelled and unshelled almonds were shipped domestically and internationally, about 3% less than in the same period last year. Domestic shipments were down noticeably at 82,898 mt (-7%) and export volumes were also down as much as 2% year-on-year to 203,453 mt. Important customers such as Spain (+13% to 20,902 mt), the United Arab Emirates (+21% to 16,229 mt) and Germany (+15% to 12,376 mt) increased their imports compared to last year, but at the same time shipments to India (-27% to 40,133 mt) and China/Hong Kong (-14% to 24,107 mt) shrank significantly.  

Almond exports and domestic demand*, USA, in mt

Country

2021/22

2022/23

Diff.

USA

88,847

82,898

-6.7%

India

54,728

40,133

-26.7%

China/Hong Kong

28,090

24,107

-14.2%

Spain

18,452

20,902

13.3%

UAE

13,400

16,229

21.1%

Germany

10,726

12,376

15.4%

Turkey

6,307

8,678

37.6%

Italy

7,454

7,313

-1.9%

Canada

7,574

6,996

-7.6%

Morocco

1,195

6,171

416.4%

Others

59,003

60,548

2.6%

Total

295,775

286,351

-3.2%

Almond Board of California; Aug-Oct

*shelled and unshelled

Growers need new perspectives

The Spanish Unión de Uniones de Agricultores y Ganaderos (Union of Farmers' and Livestock Breeders' Associations) accuses the Mesa de Frutos Secos (Dried Fruit Board) of lacking foresight. Frost in spring 2022 and heat and drought in the summer months have massively reduced the yields of Spanish almond farmers this year. Although prices for varieties such as Marcona and Largueta rose at the beginning of the season, this was not enough to compensate for the deficit and the higher production costs. In addition, some prices for Valencia almonds, for example, are even barely reaching last year's level.

"The Dried Fruit Board confines itself to analysing the market, ignoring the danger of setting aside more acreage," the organisation explains. "We propose that the price of almonds should be inclusive of the shells, which are a by-product that can be used for various purposes and whose remuneration to the grower would help to reach the necessary profitability threshold to continue almond cultivation, which maintains the socio-economic fabric in areas where there are no other cultivation alternatives," they suggest.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.35

Valencia, +14 mm, natural, Spain

5.00

Nonpareil, Extra no 1, 23/25, natural, USA

5.45

Carmel, SSR, 23/25, natural, USA

4.30

California, SSR, 23/25, blanched, USA

5.65

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, 12-14 mm, Valencia

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