Nuts

Almonds: prices for organic almonds have not hit rock bottom yet

July 20, 2020 2:34 PM, Der AUDITOR
Play report as audio

MADRID/CANBERRA. Spanish organic almonds have again become cheaper on the local trade markets. However, offers for the new crop should continue to decline in the 2020/2021 season.

Australian exports shrank by 33%

The prices for Spanish and Californian almonds have settled. Deviations of EUR 0.20-0.30 per kg, depending on the trader, are mainly due to whether a distinction between offers for old and new crop is still made or whether a mixed calculation is used.

Australian almonds, 2019 crop are currently available on the European spot market at around EUR 0.05 per kg cheaper than just a few weeks ago. Since the start of the season on 1 March 2020, 11,091 metric tonnes of almonds (converted into shelled almonds) have been exported from Australia - despite the increase in production, tis is around a third less than last year at this time. The volume of exports to Asia has decreased by 45% to 7,237 metric tonnes, while shipments to Europe have shown minimal growth at 2,110 metric tonnes.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.20

Valencia, 12/14 mm, blanched, Spain

5.00

Carmel Supreme, 30/32, natural, USA

4.15

Carmel Supreme, 23/25, natural, USA

4.20

Almonds, diced, USA

4.65

Almond meal, blanched, USA

4.50

Nonpareil Supreme, 23/25, natural, Australia

4.35

Carmel Supreme, 27/30, natural, Australia

4.05

FCA Spain

No reason for high prices

Export prices for Spanish organic almonds remain at the current level, while shipments from the 2020 crop are set at a good EUR 1.00 per kg cheaper. Considering the collapse in prices for conventional almonds, there should be some downward pressure on organic almonds in the coming months. Currently there is no reason to believe that the organic crop will be as low as it was last year.

Organic almond prices, Spain, in EUR/kg

Type

2019 crop

2020 crop

Valencia, 12/14 mm, natural

9.60

8.60

Valencia, 12/14 mm, blanched

11.20

10.30

Almonds, diced, blanched

11.30

10.10

Almond meal, blanched

11.05

10.00

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

Attached Files

File icon
price chart almonds, natural, California SSR
File icon
price chart almonds, natural, Valencia

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.