Almonds: production estimates meet expectations
July 8, 2020 at 4:19 PM ,
Der AUDITOR
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.
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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 SSR- more price charts
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