Almonds: global crop shrunk by 7%
October 27, 2022 at 12:51 PM ,
Der AUDITOR
Almond crop declines to 1.53 million mt
The International Nut and Dried Fruit Council (INC) has updated its data for almond production in 2022/2023. Experts expect global production to fall to 1.53 million mt of shelled almonds, down from a forecast of 1.54 million mt in the previous report. The USA and Spain experienced a noticeable drop in yield this year due to unfavourable weather conditions such as spring frost and extreme summer heat. Compared to last year, the global almond crop is expected to decline by 7.2%. Nevertheless, there are also growing countries whose crop was significantly better year-on-year, including Australia, Turkey, Portugal and Italy. However, Australian almond growers are concerned about possible yield declines for the upcoming 2023 crop. Due to pest infestations, the movement of commercial bee colonies between Australian states was restricted in the summer, which is why some plantations in Victoria were unable to set up the desired number of hives. However, what impact this measure will actually have on Australian almond crops remains to be seen.
|
Almond production, in mt |
|||
|
Country |
2021/22 |
2022/23 |
Diff. |
|
USA |
1,298,500 |
1,155,800 |
-11.0% |
|
Australia |
124,439 |
143,805 |
15.6% |
|
Spain |
105,000 |
75,051 |
-28.5% |
|
Turkey |
18,000 |
25,000 |
38.9% |
|
Portugal |
15,000 |
25,000 |
66.7% |
|
Italy |
8,500 |
22,000 |
158.8% |
|
Tunisia |
16,500 |
15,000 |
-9.1% |
|
Morocco |
13,000 |
13,000 |
0.0% |
|
Chile |
12,000 |
12,000 |
0.0% |
|
Greece |
4,000 |
10,000 |
150.0% |
|
Iran |
4,000 |
4,000 |
0.0% |
|
Others |
30,000 |
30,000 |
0.0% |
|
Total |
1,648,939 |
1,530,656 |
-7.2% |
|
INC, October 2022 |
|||
Prices stable again
Despite the yield declines in two of the most important growing countries, the USA started the new season with record carry-over stocks, which makes it enormously difficult for market players to adjust their prices to circumstances such as inflation, rising producer costs, etc. Last week, prices for US almonds were even lowered significantly on the European spot market, but remained unchanged for the time being. US almonds of the Carmel variety, SSR, 23/25, natural are holding their level of EUR 4.45/kg FCA Spain. Although the almond market is at its peak during the Christmas season, market players remain less optimistic about the coming months.
|
Almonds |
|
|
Type |
EUR/kg |
|
Valencia, 12/14 mm, natural, Spain |
4.35-4.50 |
|
Valencia, +14 mm, natural, Spain |
4.75-5.00 |
|
Nonpareil, Extra no 1, 23/25, natural, USA |
5.90 |
|
Carmel, SSR, 23/25, natural, USA |
4.45 |
|
California, SSR, 23/25, blanched, USA |
5.60 |
|
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
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