Nuts

Almonds: production estimates called into question

August 12, 2020 12:04 PM, Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. The 2019/2020 almond season has ended with a bang in the US as the July position report has taken the market by surprise. Meanwhile, buyers are speculating over further price developments in Spain. Buyers have certainly profited from exchange rate fluctuations.

Prices for organic almonds to decline further

Average prices remained stable for conventional varieties throughout July in Spain, although a record harvest of around 115,633 mt is expected. However, the average prices for organic Valencia almonds took a dip from EUR 9.10/kg at the start of July to EUR 8.50/kg at the end of the month. Market players reckon that organic almonds may even trade as low as EUR 8.00/kg with the arrival of the new crop approaching.

In addition, it should be noted that the price gap between organic and conventional almonds still rang

View related articles

Go to the News Overview
Nuts
Aug 2, 2022
ORDU. President Recep Tayyip Erdoğan’s announcement of the Turkish Grain Board’s (TMO) purchasing price for new crop hazelnuts caused a bit of confusion on Saturday. Although the state-run organisation clarified prices on Monday, traders do not think that the market will buy into them. Rumour has it that Ferrero has swiftly responded.
Nuts
Aug 1, 2022
NEW DELHI/ATLANTA. Farmers are switching to more attractive alternatives such as cotton or soy in India and in the United States. China's peanut production will only rise nominally in 2022/2023 and US suppliers are having a hard time competing with India.
Nuts
Jul 28, 2022
ORDU. President Recep Tayyip Erdoğan will announce the TMO’s purchasing price for hazelnuts this week and guesses are running wild. Lucky buyers can purchase organic hazelnuts at a discount.
Nuts
Jul 28, 2022
ZARANDIEH. Iran’s Markazi province may only rank sixth in terms of the area under cultivation and crop size, but Zarandieh county is the country’s leading producing area for organic pistachios. Turkey will replace Iran as second most important producer in 2022/2023.