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Almonds: prices continue to decline

May 18, 2020 12:06 PM, Der AUDITOR
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MADRID/SACRAMENTO. In retrospect, the National Agricultural Statistics Service's subjective crop estimate for 2019 was much closer to the actual result of the almond crop than the objective estimate that hade been made later. If this is also the case in 2020, an enormous increase in yield can be expected.

Production increase of 220,000 mt

The NASS predicts a result of 1.36 million metric tonnes for the Californian almond crop 2020/2021, the adjusted objective estimate is to be announced on 7 July. However, this should be treated with caution, as last year the expectations were reduced from 1.13 million metric tonnes to less than 1 million metric tonnes, and the actual crop even reached 1.15 million metric tonnes.

Prices remain under pressure

While it is likely that traditional purchasing behaviour will change in the coming weeks due to the corona pandemic, the record forecasts indicate that prices on both the US market and the European spot market will decline. At the beginning of this week, the offers for California almonds, SSR, 27/30, natural fell again to EUR 4.60 per kg FCA Spain.

Market players hope for an increase in demand due to the more attractive prices. Some buyers currently see opportunities to get favourable prices for next year, while others are more cautious in assessing the prospects in their respective markets.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.65

Valencia, 12/14 mm, blanched, Spain

5.55

California, SSR, 27/30, natural, USA

4.60

Carmel, SSR, 27/30, natural, USA

4.50

Almonds, diced, USA

4.85

Almond meal, blanched, USA

4.70

FCA Spain

View more information
price chart, almonds. natural. 18/20, Valencia
price chart, almonds, natural 27/30, Largueta
price chart, almonds, blanched, 27/30, California SSRmore price charts

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price chart almonds, blanched, 27-30 Valencia
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price chart almonds, natural, 27-30, California SSR

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