Almonds: the pressure is on

December 1, 2020 3:00 PM, Der AUDITOR
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MADRID/SACRAMENTO. US almond traders report highly encouraging shipments to Europe. Consumer demand within Europe is, however, largely subdued. Issue are the restrictions in place to curb the spread of the coronavirus.

Subdued demand weighs on prices

Although US traders are highly confident that exports to Europe are up, traders in Europe report that the current demand situation is anything but encouraging. Issue is that large volumes are normally consumed in traditional settings such as Christmas markets in Germany or in bars and cafes in Spain. With restrictions in place to curb the spread of the virus these venues are, however, closed meaning that less almonds are being consumed. Although retail demand is up, market experts uniformly agree that this can only partially compensat

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