Nuts

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

July 20, 2020 2:34 PM, Der AUDITOR
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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 SSR
more price charts

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