Nuts

Almonds: unjustified pressure on prices

August 25, 2022 at 11:10 AM , Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Nuts
May 16, 2024
SACRAMENTO/ISFAHAN. US almond shipments exceeded 2 billion pounds in April. The USDA subjective crop forecast is fuelling uneasy speculations. Almonds have come under fire in Iran.
Nuts
May 15, 2024
MANILA. The extremely high temperatures in the Asian countries of origin are likely to exacerbate the commodity shortage for the 2025 crop. A similar scenario was already observed last year.
Nuts
May 15, 2024
REUS/ORDU. Expectations over global production rising by 20% for hazelnuts in 2024/2025 have fuelled hopes that prices will fall. Yet, Turkey is confronted with other challenges at present, trouble is that the TMO may jump into action.
Nuts
May 15, 2024
CANBERRA. Australia achieved record exports in the 2023/2024 season despite declining crop results. Meanwhile, the 2024 has been completed.