Nuts

Almonds: how low can prices go?

November 23, 2020 5:14 PM, Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. With prices persistently following the same trend for weeks and even organic almonds trading lower the market is starting to wonder when prices will hit rock bottom

Supply and demand spell bad news for suppliers

The market has few new impulses to offer. Arrivals from California are flooding Europe, while production is also up in Spain. On top of this, Christmas trading is leaving much to be desired. Spot market prices have largely stabilised in Europe. Some suppliers are, however, offering lower prices. Blanched Valencia almonds, 12/14 are trading in a range of EUR 4.50-4.65/kg FCA Spain and blanched California SSR almonds 23/25 around EUR 0.10/kg lower at EUR 4.75/kg FCA Spain.

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.