Nuts

Almonds: traders make price corrections

April 1, 2020 12:17 PM, Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. The US crop continues make a good progress, as reports state. Meanwhile, Spanish traders have adjusted their export prices.

Prices dropped by up to 20 cents per kg

As the experts from Blue Diamond Almonds report, the US almond blossom hardly experienced any negative environmental influences and the crop was able to develop well. Frost damage is said to have occurred in a few cases, while local hailstorms have so far had no consequences. The rainfall has been different depending on the regions, but could nevertheless reduce pest infestation. The producers plan to delay the use of chemicals as long as possible and hope that the natural enemies of the pests will take some of the work off their hands in time. With regard to the production potential for the US crop in 2020, experts most recently considered a result of 1.27 million metric tonnes to be realistic.

In the European spot market, export prices are again significantly lower than last week. Spanish varieties such as Valencias and Marconas have fallen by EUR 0.15-0.20 per kg. The price indications for whole US almonds are EUR 0.10-0.15 per kg below last week's level. Almond preparations are also trading around EUR 0.10 per kg cheaper.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

5.70

Largueta, 13/14 mm, natural, Spain

6.90

Marcona, 12/14 mm, natural, Spain

7.00

California, SSR, 23/25, blanched, USA

6.50

Carmel, SSR, 20/22, natural, USA

5.90

Almonds, diced, USA

6.05

Almond meal, blanched, USA

5.85

EXW Spain

Attached Files

File icon
price chart almonds blanched California SSR 27-30
File icon
price chart almonds blanched18-20 Valencia

View related articles

Go to the News Overview
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.
Nuts
Nov 29, 2021
ORDU. In reaffirming in public that he has not intention of changing Turkey’s easy monetary policy President Erdoğan again sent the lira tumbling last week. The lira has, in fact, lost 25% in value against the euro within only one month. This and other uncertainties have plunged the hazelnut market into chaos.
Nuts
Nov 29, 2021
MADRID/SACRAMENTO. The massive slump in US exports is causing almond prices to fall. Spanish almond suppliers, however, can be pleased with a significantly better export volume. September exports are 20% higher than in the same month last year.
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.