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US Almonds lose USD 1.58 billion per year

August 22, 2018 at 11:25 AM , Der AUDITOR
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MADRID/SACRAMENTO. US producers are increasingly concerned about the punitive tariffs imposed on US agricultural products. According to a study conducted by the University of California, the annual loss for almonds alone is estimated at USD 1.58 billion.

 

Stable prices in Spain

In Spain, prices remain stable to falling. Exporters hope to continue benefiting from the trade war between China and the USA.

Spanish almonds

Type

EUR/kg

Ramillete, 12/14 mm, natural

5.90

Valencia, 12/14 mm, natural

5.65

Marcona, 12/14 mm, natural

5.50

Largueta, 12/13 mm, natural

5.55

EXW Spain

 

Great concerns in California

Producers in California, on the other hand, are very concerned about the punitive tariffs imposed on US agricultural products. A recent University of California study estimates the damage for the almond industry alone at USD 1.58 billion per year. The USA export about 13% of all almonds, with the main customers being Hong Kong, China, and Turkey. Producers are now seeking to engage in dialogue with the government. Solutions will not be found easily, however, as almonds grow in orchards that have been under cultivation for years and growers cannot simply switch to other products. The punitive tariffs are also expected to lead to a reduction in exports and more goods being available domestically, which will put pressure on prices.

Since the new US crop is far from being available and the remaining stocks are running very low, prices for US almonds in Spain have risen again this week. Prices for sliced and slivered almonds have risen by 0.25 EUR/kg and for diced almonds, traders are demanding 0.10 EUR/kg more. Only the prices for almond meal have remained stable.

 

US almond prices

Type

EUR/kg

California, SSR, 27/30, blanched

6.70

blanched, sliced

6.85

blanched, slivered

6.65

blanched, diced

6.00

almond meal, blanched

5.80

EXW Spain

 

Attached Files

File icon
price chart almonds natural 18-20 valencia
File icon
price chart almonds natural 27-30 California SSR

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