Free of charge

Almonds: Spain wants to protect itself

August 31, 2017 at 3:15 PM , Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. The Spanish almond market has only one chance to hold its ground against the Californian competition: offering commodities of higher quality.

Spanish farmers and traders place great importance on the quality of their almonds; however, imports of considerably cheaper US almonds are putting increasing pressure on the prices. Growing almonds is loosing its attractiveness for Spanish farmers.

This year, about 100,000 mt of Californian almonds are expected to be imported to Spain, while the domestic production in 2017 will probably only reach 56,000-57,000 mt. To clearly distinguish domestic varieties from import commodities, the protected geographical designation of origin "Spanish almonds" will be introduced. 

Spanish almonds

Type

EUR/kg

Valencia, >14 mm, natural

5.20

Valencia, 12/14 mm, natural

4.90

Marcona, 12/14 mm, natural

7.00

Largueta, 12/13 mm, natural

7.00

EXW Spain

Balanced market
The 2017 Californian almond production is estimated at 1.02 million mt. As a result, the farmers are not only achieving a record crop, they are also producing about 18 times as much as the Spanish competition. Already in the last months of the 2016/17 season, the Californian export values were exceptionally high. Market players therefore assume that this year's increased production will be easily absorbed by the higher demand, if the prices approximately maintain the current level.

US almond prices

Type

EUR/kg

California, SSR, 27/30, blanched

5.75

Blanched, sliced

5.70

Blanched, diced

5.35

Blanched, slivered

5.45

Almond meal, blanched

5.30

EXW Spain

Attached Files

File icon
Price Chart Almonds, Valencia, Spain

View related articles

Go to the News Overview
Nuts
Jul 29, 2025
OUAGADOUGOU/WASHINGTON, D.C. A large proportion of West Africa's exportable cashew production has already been shipped to its destination countries, leaving only small quantities available in some producing countries. In the USA, demand also depends on developments in customs duties.
Nuts
Jul 28, 2025
NEW DELHI/ATLANTA. NAFED sales continue to exert pressure on the Indian peanut market and prices. In the USA, the outlook for the coming crop is good so far.
Nuts
Jul 24, 2025
ORDU. Heated debates persist over the estimates issued by the Ministry of Agriculture. Next week’s Exporters Union’s forecast is to bring more clarity on this year’s crop size for hazelnuts. Expectation is also that the base price will cause some headache.
Nuts
Jul 23, 2025
CAPE TOWN/NAIROBI. The threat of US tariffs on South African macadamias is causing suppliers there to focus more on the Chinese market. Kenya is tightening its regulations for raw macadamias, and EU buyers are investing significantly more.