Nuts

Almonds: production estimates meet expectations

July 8, 2020 4:19 PM, Der AUDITOR
Play report as audio

SACRAMENTO. Reports of a possible smaller almond production had caused prices to rise last week. In the meantime, the original forecasts have been confirmed.

1.36 million metric tonnes of almonds expected

Last week rumours were circulating in the almond market that the US crop would be significantly smaller than originally thought. In response to an enquiry from the AUDITOR, the Almond Board of California announced that a record crop is still expected. They also referred to the subjective estimates of the National Agricultural Statistics Service from May 2020.

Last Tuesday the NASS released its objective estimates for the coming season, which at 3 billion lbs or 1.36 million metric tonnes are still in line with expectations from May. Thanks to larger acreages and higher yields, it should be possible to achieve an 18% increase in production in the 2020 US almond crop compared to last year.

Prices remain stable for the time being

The unchanged positive outlook ensures that almond prices will maintain their current level. There is no reason for a price increase for the time being, while at the same time a further price decline is unlikely due to the now comparatively low level. Next Friday the Almond Board of California will publish the penultimate export report of the season, which should slowly give an indication of the overstock supplies to be expected at the end of July.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.30

Valencia, 12/14 mm, blanched, Spain

5.10

California, SSR, 27/30, natural, USA

4.20

Carmel Supreme, 27/30, natural, USA

4.20

Almonds, diced, USA

4.65

Almond meal, blanched, USA

4.45

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
Dec 6, 2021
ORDU. Chaos continues in Turkey’s financial market. Not only did President Recep Tayyip Erdoğan appoint a new finance minister on Thursday but Fitch Ratings also revised the country’s outlook to negative. For traders it is simply impossible to determine which way the hazelnut market will turn. Much also depends on Ferrero, the TMO and demand.
Nuts
Dec 1, 2021
MANILA. In addition to high commodity prices, export prices for desiccated coconuts have also increased. And since all bad things come in threes, there is no relief in sight for freight costs either.
Nuts
Nov 30, 2021
MASHHAD. Although growers produce high-quality pistachios in Iran’s Khorasan Razavi Province, not much profit is made from exports. This is mainly due to the lack of specialised organisations and pistachio export unions as financial issues have put many off. Production has also suffered from adverse weather conditions this year.
Nuts
Nov 29, 2021
HANOI. As Cornhouse and the INC report, there are more than enough cashews available on the world markets. Exports are causing some difficulties, but these should be eased by a new container ship route in the Indian Ocean.