Nuts

Almonds: traders could take a two-track approach

January 24, 2022 2:35 PM, Der AUDITOR
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MADRID/SACRAMENTO. Spain's almond exports are benefiting noticeably from the logistical problems in international trade this season. For European buyers in particular, they are a good alternative. Meanwhile, the prospect of high end-of-season stocks in the US market is causing concern among market players.

Spain's exports up 17%

US almond exports are clearly behind last year's result. European countries in particular have reoriented themselves in view of the difficult logistical situation caused by the pandemic. As a result, Spain's exports already increased by 17% in the first quarter of the new season. The total export volume between August and October 2021 was 44,343 mt of shelled and unshelled almonds, compared to 37,890 mt in the same period last year. Germany remains the main consumer country and increased its imports by 40% year-on-year to 10,891 mt. It is

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