Nuts

Germany’s growing appetite for US almonds

February 15, 2017 at 11:47 AM , Der AUDITOR
Play report as audio

SACRAMENTO. President Trump may not be Merkel’s best friend. But the Germans are certainly hungry for US almonds. Other competitors hardly stand a chance and need to be very creative. They are facing a tough season.

Germany mainly imports from the USA

Germany imports 90,000 mt of almonds on average every year. More than two thirds originate from the USA. Spain is only the second most important supplier, which corresponds with the country’s position as second largest producer. Import from Spain. However, increased by 25% in 2015.

 

Almond imports Germany in mt

country

2014

2015

2016*

USA

65,620

62,372

65,748

Spain

15,446

19,381

14,192

Australia

3,389

4,480

4,025

Netherlands

2,185

1,890

2,548

Italy

3,128

2,556

2,451

Belgium

234

226

187

France

485

119

136

source: Federal Statistical Office   *estimate

 

Abundant supplies

One reason for the US success story are abundant supplies. Supplies in California amounted to more than 1 M mt in 2016/17. This had an enormous impact on exports and prices over the last six month. California sold a total of 506,663 mt, which is an increase of 33% as compared to last year.

First crop estimates

Production so far amounts to 956,173 mt and estimates predict almost 964,000 mt. Market participants reckon that production will further increase in 2017. Snowmelt has secured this year’s precipitation. Acreage and yield have also increased and first estimates predict a production of up to 1.05 M mt for 2017. Next week will be decisive since the trees have started to bloom, but frost or storms may have an impact.

 

US almond prices

type

EUR/kg

California, SSR, 27/30, natural

5.50

blanched, sliced

5.85

blanched, diced

5.65

blanched, slivered

5.70

almond meal

5.60

EXW Spain

 Please find attached the price chart.

Attached Files

File icon
almond price chart

View related articles

Go to the News Overview
Nuts
Jul 22, 2024
NEW DELHI/AUSTIN. Although US growing regions in the Southwest have faced some heavy rains, growers in parts of Texas continue to face drought and water shortages. In India, prices could soon receive support.
Nuts
Jul 18, 2024
BRUSSELS/ORDU. Given that prices have surged this season it is quite remarkable that EU imports have risen for hazelnuts in the first six months of the year. Suspense is palpable in Turkey with the TMO and Ferrero expected to take decisive action very soon. Offers for the new crop are circulating.
Nuts
Jul 17, 2024
HANOI/NEW DELHI. Vietnam's exports in the first half of 2024 are quite impressive, and many destination countries have increased their purchase volumes. Meanwhile, prices in India remain stable.
Nuts
Jul 16, 2024
SACRAMENTO. Opinions may be contradicting but June was a very strong month for US almonds. With the season in its final stages concerns are being voiced over remaining supplies and the state of the new crop.