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Almonds: unjustified pressure on prices

August 25, 2022 11:10 AM, Der AUDITOR
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MADRID/CANBERRA. Declining prices in the almond market despite lower crop forecasts are causing discontent among Spanish market players. Australia's almond exports, meanwhile, increased significantly again in June and achieved the second-best monthly result ever.

Resentment is being voiced

The Coordinadora de Organizaciones de Agricultores y Ganaderos (COAG) considers the price pressure, which is said to be created by the sellers due to lower demand, as unjustified. After all, according to official reports, the US crop is supposed to decline by more than 10% to 1.18 million mt this year and a deficit of 30% compared to last year is currently reported for Spain, which is why the crop is supposed reach only 61,684 mt of shelled almonds.

Many buyers had already stocked up on almonds in the last few months

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