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Almonds: production estimates called into question

August 12, 2020 at 12:04 PM , Der AUDITOR
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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

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