Almonds: demand to hit supplies
MADRID/SACRAMENTO. Although the US witnessed a record production of almonds without shell that exceeded 1.4 million mt in 2020, end-of-season stocks are expected to range as low as 315,000-320,000 mt. Issue is that overseas demand has been surprisingly strong this season given the pandemic. Exports in March even ranged 50% higher than last year. This will certainly have an impact on prices, also in Europe.
Barberries: sharp rise in demand and curious gaps
TEHRAN. Traders in Iran report curious gaps and remarkable discrepancies relating to barberry exports. One curious fact is that although exports were up 31.2% at 38,152 kg in terms of volume in January/February on the same period last year, they slumped by 46.4% to USD 21,582 in terms of value. On clear trend is, however, emerging. Demand is certainly on the rise.
Hazelnuts: shift in attention to prompt buying
ORDU. As many buyers in Europe enjoyed are prolonged Easter break, the recent revival in demand for hazelnuts was cut short. With attention shifting towards this year’s crop and speculations as to the TMO’s intention of intervening in the market, the situation may, however, change soon. Market prices have also taken a rather surprising turn.