Nuts

Almonds: lower yields are emerging

October 20, 2021 9:08 AM, Der AUDITOR
Play report as audio

SACRAMENTO/MADRID. Caution prevails before new contracts are being entered at present, especially since lower yields are emerging in California's almond orchards. Demand is, however, also rather subdued due to various different factors. This has impacted spot market prices in Europe.

NASS estimate is realistic

As registrations are 1.5% up on last year the market reckons that the NASS objective estimate of 2.80 billion lbs (1.27 million mt) for almonds without shell may well be met. This, however, still falls around 220 million lbs (100,000 mt) short of last year's record crop of 3.0 billion lbs (1.38 million mt), especially since growers are reporting lower yields due to drought. As Blue Diamond Almonds reports this is why buyers and sellers prefer spot deals. Problem for suppliers, however, is that demand is rather subued at present as many buy

View related articles

Go to the News Overview
Nuts
Dec 6, 2021
ORDU. Chaos continues in Turkey’s financial market. Not only did President Recep Tayyip Erdoğan appoint a new finance minister on Thursday but Fitch Ratings also revised the country’s outlook to negative. For traders it is simply impossible to determine which way the hazelnut market will turn. Much also depends on Ferrero, the TMO and demand.
Nuts
Dec 1, 2021
MANILA. In addition to high commodity prices, export prices for desiccated coconuts have also increased. And since all bad things come in threes, there is no relief in sight for freight costs either.
Nuts
Nov 30, 2021
MASHHAD. Although growers produce high-quality pistachios in Iran’s Khorasan Razavi Province, not much profit is made from exports. This is mainly due to the lack of specialised organisations and pistachio export unions as financial issues have put many off. Production has also suffered from adverse weather conditions this year.
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.