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Almonds: notable shift in prices in Spain

February 19, 2020 11:10 AM, Der AUDITOR
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MADRID/SACRAMENTO. US almond shipments reached a new monthly record in January. This also has an impact on prices. Market players expect demand to remain good.

Positive outlook

The weather is mainly dry in California, thereby providing ideal conditions for pollination, which has now started. Blue Diamond Almonds estimates this year's US production at around 1.25 million metric tonnes. More accurate estimates will, however, only be possible in a few weeks' time.

Over the next few months, the initial crop estimates will prove decisive for any further price developments and for demand. Buying interest is, however, expected to remain high for the time being. Although the prices remain relatively stable within the US, t

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