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Almonds: Spain badly hit by crisis

August 19, 2020 at 1:54 PM, Der AUDITOR
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MADRID/SACRAMENTO. Quarantine measures imposed for travellers returning from Spain and advice against non-essential travel to the country have dealt another heavy blow to Spain’s economy, which also impacts the almond market. Traders in Spain and the US agree that the coronavirus crisis is poses a major challenge for suppliers.

Prices hit multi-year low in Spain

Traders in Spain miss the tourists as their absence has a direct impact on consumption. Almonds are, for instance, frequently served as a popular snack in bars. Since visitors are lacking, however, demand is down, and it is becoming increasingly difficult to sell almonds. Sales are particularly bad in the food and hospitality sector throughout Europe. To make matters worse, the market is gearing up for another record crop the third year running as the INC estimates production at 115,633 mt. This situation has pushed prices down fur

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