Nuts

Almonds: global production estimated at 1.68 million mt

November 17, 2020 10:10 AM, Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. The International Nut and Dried Fruit Council (INC) reckons that global almond production will rise by 16.5%. At the same time, US exports are highly encouraging. Producers in Spain are, however, pushing for higher tariffs on US almonds.

US production falls short of expectations

In recently released estimates the International Nut and Dried Fruit Council anticipates a record season. In addition to the top producing countries such as the US, Spain and Australia production has also risen sharply in many other countries such as Turkey, Iran and Tunisia. Global production is estimated at 1.68 million mt, nearly 17% more than in 2019/2020.

However, it should also be noted that doubts are been voiced over in how far US production will meet expectations. The Almond Board of California states that a

View related articles

Go to the News Overview
Nuts
Dec 6, 2021
ORDU. Chaos continues in Turkey’s financial market. Not only did President Recep Tayyip Erdoğan appoint a new finance minister on Thursday but Fitch Ratings also revised the country’s outlook to negative. For traders it is simply impossible to determine which way the hazelnut market will turn. Much also depends on Ferrero, the TMO and demand.
Nuts
Dec 1, 2021
MANILA. In addition to high commodity prices, export prices for desiccated coconuts have also increased. And since all bad things come in threes, there is no relief in sight for freight costs either.
Nuts
Nov 30, 2021
MASHHAD. Although growers produce high-quality pistachios in Iran’s Khorasan Razavi Province, not much profit is made from exports. This is mainly due to the lack of specialised organisations and pistachio export unions as financial issues have put many off. Production has also suffered from adverse weather conditions this year.
Nuts
Nov 29, 2021
HANOI. As Cornhouse and the INC report, there are more than enough cashews available on the world markets. Exports are causing some difficulties, but these should be eased by a new container ship route in the Indian Ocean.