Nuts

Almonds: unfair prices in Spain

October 6, 2022 at 9:10 AM , Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. While agricultural organisations in Spain are blaming the almond industry of taking advantage of producers as prices are way too low, harvesting has nearly been completed in California. Weather conditions, however, caused some trouble at the end of September.

Farmers well-prepared in California

Temperatures ranged above average in California in September, which prompted farmers to speed up harvesting to be able to irrigate the orchards afterwards. They were also prepared for untimely rain, which caused no damages. As Blue Diamond Almonds, however, report production is rather disappointing this year. Shellers will certainly finish processing the crop in mid-October, months earlier than ususal.

Farmers urged to insist on fair payment in Spain

The agricultural organisation UPA Andalusia has called on olive and almond farmers to invoke the modifications introduced in December to the law for improving the functioning of the food chain as a way to insist on fair payment and ensure that prices exceed production costs. According to UPA many companies fail to consider the rising costs for equipment, labour and diesel as well as energy and refuse to pay producers higher prices when negotiating contracts. The prices for almonds in Spain partially do, in fact, even range lower than last year. Valencia almonds are, for instance, trading at EUR 4.40-4.50/kg (USD 4.36-4.46/kg) FCA Valencia.

Almonds

Type

EUR/kg

USD/kg

Valencia, 12/14 mm, natural, Spain

4.40-4.50

4.36-4.46

Valencia, +14 mm, natural, Spain

4.70-5.00

4.66-4.96

Nonpareil, Extra no 1, 23/25, natural, USA

6.05

6.00

Carmel, SSR, 23/25, natural, USA

4.70

4.66

California, SSR, 23/25, blanched, USA

5.75

5.70

FCA Spain

View more
price chart, almonds, natural, +14, Valencia
price chart, almonds, natural 13/14, Largueta
price chart, almonds, blanched, 27/30, California SSR
more price charts

Attached Files

File icon
price chart almonds natural Valencia 12-14 Spain

View related articles

Go to the News Overview
Nuts
Apr 15, 2024
NEW DELHI/BUENOS AIRES. Traders and stockists are forced to sell peanuts at a loss in India. Issue is that rising temperatures may cause diseases to spread. Harvesting is in full swing in Argentina.
Nuts
Apr 15, 2024
SACRAMENTO. Demand for US almonds exceeded industry expectations in March. Although conditions have been excellent for the new crop, uncertainty prevails. Speculations abound as to what way prices will turn.
Nuts
Apr 11, 2024
ORDU. In the coming days, the TMO could start selling its raw material stocks. The INC has adjusted its production estimates for the global hazelnut crop.
Nuts
Apr 11, 2024
CAPE TOWN/REUS. According to the INC, macadamia production will increase in the main producing countries and market players are optimistic. A major case of fraud was recently uncovered in South Africa.