Nuts

Almonds: low prices retained amid sluggish demand

December 10, 2020 8:46 AM, Der AUDITOR
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MADRID/SACRAMENTO. Lack of demand and bumper crops remain the two most decisive factors impacting prices in the almond market in the run up to Christmas.

Sales remain sluggish

Business remains subdued in the event and food service industry due to the pandemic. This situation has an adverse impact on demand for almonds, which normally peaks around this time of year. Traders in Spain report sluggish sales and that the market has been largely subdued over the last few weeks. Export prices remain on the low levels reported over the last few weeks in Spain. Good US export performance has, by contrast, nominally driven up prices within the US. The euro has, however, gained in value, which compensates for domestic price dev

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