Nuts

Almonds: markets reopen in Spain

August 25, 2020 3:18 PM, Der AUDITOR
Play report as audio

MADRID/CANBERRA. Trading has resumed in Spain's Albacete and Murcia with the first arrivals of the new almond crop. Although prices have been nominally revised, it is difficult to detect a clear trend. For Australia the current season is a bit of a challenge.

Prices take another dip in Spain

The sheer prospect of another record crop in the US and three consecutive record crops in Spain continue to weigh heavily on the market. Export prices have again declined with natural Valencia almonds, size 12/14 mm, trading in a range of EUR 3.80-3.95/kg FCA Spain - more than 30% below the prices observed around this time last year. Although prices have also taken a dip in Albacete, nominal upward revisions have been reported in Murcia. Spot market prices have remained firm here due to the fact that it will take several months for t

View related articles

Go to the News Overview
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021
SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021
REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021
ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.