June 29, 2020 11:55 AM
Editorial content from Der AUDITOR
Latest News - Nuts

Almonds: turnaround takes market by surprise

MADRID/SACRAMENTO. The almond market has taken a surprising turn over the last few days. For weeks...

... on end it seemed as if the downward turn in the market could not be stopped. Now, however, the opposite is the case as prices are rising sharply. Valencia almonds are, for instance, trading EUR 0.20-0.30 per kg higher than last week in Spain and US almonds are also trading higher. This rise is prompted by revised production estimates for the US. Production is now only estimated at 1.18-1.27 million metric tonnes rather than 1.36 million metric tonnes.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.30

Valencia, 12/14 mm, blanched, Spain

5.10

California, SSR, 27/30, natural, USA

4.20

Carmel, SSR, 27/30, natural, USA

4.20

Almonds, diced, USA

4.60

Almond meal, blanched, USA

4.40

FCA Spain

Spain set to replace Australia as number two

The revised estimates were only issued after the INC webinar on almonds had already made the rounds. Here, US production estimates still ranged at 1.36 million metric tonnes, around 22% more than in 2019. Nevertheless, it should be noted that even the downward revision to 1.18-1.27 million metric tonnes still ranges 60,000-150,000 metric tonnes high than last year's production. California still has the potential to set a record. In how far the recent rise in prices is sustainable, therefore, remains to be seen.

In shell production is, in addition, expected to rise to 106,000 metric tonnes in Australia. Spain most certainly has the potential to become the world's second largest almond producer this season, that is if production falls in line of expectations, which range at 115,600 metric tonnes.

Top 3 almond producers (without shell in mt)

Country

2019/20

2020/21

Diff.

USA

1,115,375

1,360,777

22.0%

Australia

103,300

106,000

2.6%

Spain

90,000

115,600

28.4%

INC Webinar June 2020

View more information
price chart, almonds. natural. 18/20, Valencia
price chart, almonds, natural 27/30, Largueta
price chart, almonds, blanched, 27/30, California SSR
more price charts


Attached Files

File name Type
price chart almonds natural California 27-30 SSR jpg Download
price chart almonds natural Valencia 12-14 Spain jpg Download

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Harvest dates
Next harvest dates for Almonds (FAO without shell basis)
Country
Start of harvest
China
7/20/20
Greece
8/1/20
Italy
8/1/20
USA
8/1/20
France
8/1/20
Uzbekistan
8/1/20
Tajikistan
8/1/20
Turkmenistan
8/1/20
Iraq
8/1/20
Macedonia
8/1/20
Learn more
Crop sizes

Crop sizes for Almonds (FAO without shell basis)
Country
Year
Crop size
USA
2018
1,008,336 mt
Australia
2018
69,880 mt
Syrian Arab Republic
2018
61,676 mt
Spain
2018
61,160 mt
Algeria
2018
57,213 mt
China
2018
49,879 mt
Afghanistan
2018
34,413 mt
Lebanon
2018
30,530 mt
Libya
2018
29,625 mt
Portugal
2018
21,640 mt
Learn more
Price Information
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