Market updates on edible nuts with up-to-date price trends
Nuts
Feb 9, 2022

Hazelnuts: hit or miss exports

ORDU. Although Turkey’s hazelnut exports have hit another record in January, the wider picture tells a different story. Speculations are still running wild as to when the TMO may start selling inventories. Prices may be attractive at present but buyers in Europe prefer to play it safe.
Nuts
Feb 9, 2022

Walnuts: Christmas supplies finally arrive

SACRAMENTO/BEIJING. As delayed shipments are finally arriving in Europe the walnut market has come under pressure. Christmas supplies are now weighing on prices.
Nuts
Feb 8, 2022

Pecans: surge in prices

ATLANTA. The prices for US pecans have surged in recent days. Issue is the off-year in production coupled with high quality. Exports also range lower, especially to Asia.
Nuts
Feb 7, 2022

Peanuts: record-breaking yields

ATLANTA. Even though acreage was lower in 2021 than in the previous year, a larger peanut crop was achieved in the USA. This was mainly due to record-breaking yields in the states of Oklahoma, Virginia and South Carolina.
Nuts
Feb 3, 2022

Cashews: producers are optimistic about the future

HANOI. Cashew exports already increased markedly in 2021 and analysts expect this positive trend to continue in the coming years. Prices, meanwhile, are largely stable.
Nuts
Feb 2, 2022

Almonds: good crop expectations in Australia

CANBERRA/MADRID. The almond harvest is starting in Australia and so far experts are expecting another record crop. Exports for the 2021/22 season also increased significantly, mainly due to one certain country.
Nuts
Feb 2, 2022

Peanuts: crop in good condition despite drought

BUENOS AIRES. Heat and drought significantly depleted the soils in Argentina's growing regions in December, and the moderate rainfalls that followed are unlikely to have improved soil moisture again. Farmers are therefore dependent on timely rainfall during the important growing season in order to achieve their planned goals.
Nuts
Feb 1, 2022

Walnuts: price slump in Moldova

CHIȘINĂU. Prices have slumped in Moldova and expectations are that further declines are in store for the walnut market. Although demand in Europe is still rather subdued, this is about to change, but buyers are not exactly happy with the prices on offer for US walnuts. In Germany, the USA has, however, gained market shares from Chile.
Nuts
Jan 31, 2022

Pecans: significantly smaller crop in the USA

ATLANTA/CAPE TOWN. Heavy rains have resulted in a smaller crop in the USA after the harvesting process was previously subject to delays. The situation is different in South Africa.
Nuts
Jan 28, 2022

Pistachios: accelerating decline in exports

TEHRAN. Iran’s pistachio exports declined by a surprisingly moderate 12% last year considering that production decreased sharply. This development will, however, accelerate this year. Issue is that severe drought has also impacted the quality of the current production.
Nuts
Jan 27, 2022

Brazil nuts: positive prospects for the new crop

LIMA. The harvesting process in the South American rainforests has begun and market players report a good yield and high quality so far. However, the hoped-for price reductions remain questionable.
Nuts
Jan 25, 2022

Almonds: November exports rise sharply in Spain

MADRID. Recently issued export data by the Ministry of Industry, Tourism and Trade shows that Spain stepped up its almond shipments by 20% in November. Exports have, in fact, performed well this season so far. France has advanced to the leading export destination.
Nuts
Jan 25, 2022

Hazelnuts: traders have their suspicions

ORDU. As the Turkish lira continues to firm against the US dollar and the euro not all hazelnut traders are convinced that the financial turmoil witnessed in recent months is over. Although Turkey’s central bank left interest rates firm at 14% on Thursday and Finance Minister Nureddin Nebati assured economists on Saturday that inflation will range lower than expected in the next few months, a high degree of uncertainty remains.
Nuts
Jan 25, 2022

Cashews: no supply squeezes in 2022

HANOI. High carry-in supplies coupled with good crops in Vietnam, India and Côte d'Ivoire should ensure a steady supply this year. Exports are, however, anything but simply.
Nuts
Jan 24, 2022

Almonds: traders could take a two-track approach

MADRID/SACRAMENTO. Spain's almond exports are benefiting noticeably from the logistical problems in international trade this season. For European buyers in particular, they are a good alternative. Meanwhile, the prospect of high end-of-season stocks in the US market is causing concern among market players.
Nuts
Jan 20, 2022

Walnuts: tough year for US exporters

SACRAMENTO. Transport problems had caused many US exporters to miss the important Christmas business. High prices had also initially deterred buyers, but have now returned to a more attractive level.
Nuts
Jan 19, 2022

Almonds: US exports still struggling

SACRAMENTO. As logistics are still an issue US almond exports have slowed for the fourth consecutive month in December. Total shipments declined by 17% between August and December.
Nuts
Jan 19, 2022

Cashews: tough competition for Indian exporters

HANOI/NEW DELHI. Even though prices for Indian cashews are approaching a more attractive level again, suppliers there will have a hard time keeping up with the competition from Vietnam and African growing countries. Vietnam achieved a new export record in 2021.
Nuts
Jan 12, 2022

Brazil nuts: anticipation grips market

SUCRE. After production proved disastrous in 2021/2022, hopes are high that things will improve in 2022/2023. Heavy rains may, however, be decisive. Anticipations for the new crop have also hit Europe.
Nuts
Jan 12, 2022

Pecans: US shellers rely on shipments from Mexico

ATLANTA. The Pecan Promotion Board intends to change the market considerably. For instance, the board is playing with the idea of introducing a tariff for imports from Mexico to the USA. As demand is high the market certainly has enormous potential.
Nuts
Jan 12, 2022

Hazelnuts: shock for buyers

ORDU. Speculations are rife over president Recep Tayyip Erdoğan’s future after the government in Turkey introduced a lira deposit-protection scheme at the end of December to support the national currency. This prompted a sudden and rather unexpected surge in the Turkish lira, which proved to be a smack in the face for buyers in the hazelnut market.
Nuts
Jan 12, 2022

Peanuts: high stakes for growers in 2022

ATLANTA. Rising running costs are forcing US farmers to carefully decide, which crops are worth it this year. The market, however, performed well in 2021.
Nuts
Jan 11, 2022

Cashews: distorted supply situation

HANOI/NEW DELHI. Cambodia’s inexplicable surge in raw cashew nut exports to Vietnam will certainly continue to impact the market this year. Although traders reckon that the 445% hike in shipments from Cambodia to Vietnam is overrated, a surge has taken place, which has distorted the supply situation in Vietnam. Prices in India have approached more attractive levels.
Nuts
Jan 10, 2022

Desiccated coconuts: new year starts with high prices

MANILA. A low vaccination rate and the aftermath of a heavy typhoon keep causing production delays in the Philippines. Market experts do not expect noticeable relief in 2022.
Nuts
Dec 21, 2021

Pistachios: exporters are satisfied

TEHRAN. The unfavourable weather conditions this year caused Iranian pistachio production to decline by about a quarter. Nevertheless, market players are satisfied with the development of exports this season.
Nuts
Dec 20, 2021

Hazelnuts: buyers lose track

ORDU. With the Turkish lira hitting new lows against the euro and US dollar and exporters issuing prices for hazelnuts that have nothing to do with the current market situation it is hardly possible for buyers to keep track of developments. Trouble is that the central bank again cut the key interest rate by 100 basis points on Thursday. Thereby, the bank is holding firm to President Recep Tayyip Erdoğan’s bizarre strategy of lowering interest rates while inflation spirals out of control.
Nuts
Dec 15, 2021

Almonds: US exports lag far behind

SACRAMENTO/MADRID. The export season for US almonds got off to a flying start in August, with exports up by a third year-on-year. From September onwards, however, exports dropped significantly and this trend continued in the following months. November also showed a deficit compared to the same month last year.
Nuts
Dec 14, 2021

Walnuts: 30% slump in US exports

SACRAMENTO/SANTIAGO. November saw another sharp decline in US walnut exports. Issue is that many buyers prefer to wait for the new crop, for which shipments are, however, delayed. This plays into the hands of traders in Chile, who are certainly profiting in Europe.
Nuts
Dec 13, 2021

Hazelnuts: explosive situation

ORDU. Although the Turkish lira remained relatively firm last week, it has now plummeted to a new low against the US dollar and euro. Issue is that S&P Global Ratings lowered the outlook for the lira to negative on Friday coupled with speculations on new interest rate cuts on Thursday. According to Bloomberg, the central bank is expected to cut interest rates by another 100 basis points to 14%. Not all reactions make sense in the hazelnut market.
Nuts
Dec 9, 2021

Pecans: smaller crop in Georgia

ATLANTA. Now that the US growing regions have recovered after the massive storm damage of 2018, a relatively small crop is nevertheless being reported from the most important growing state of Georgia. However, this was to be expected.
Nuts
Dec 8, 2021

Cashews: German market offers a lot of potential

HANOI. Vietnam has by far the largest market share of German cashew imports. However, there is still room for improvement, also due to the simplifications resulting from the free trade agreement.
Nuts
Dec 6, 2021

Hazelnuts: chaos continues

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

Desiccated coconuts: farmgate prices maintain record level

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

Pistachios: exceptional quality but high costs

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

Cashews: new cargo ship route facilitates exports

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.
Nuts
Nov 29, 2021

Hazelnuts: selling at a loss is not an option

ORDU. In reaffirming in public that he has not intention of changing Turkey’s easy monetary policy President Erdoğan again sent the lira tumbling last week. The lira has, in fact, lost 25% in value against the euro within only one month. This and other uncertainties have plunged the hazelnut market into chaos.
Nuts
Nov 29, 2021

Almonds: Spain's September exports up by 20%

MADRID/SACRAMENTO. The massive slump in US exports is causing almond prices to fall. Spanish almond suppliers, however, can be pleased with a significantly better export volume. September exports are 20% higher than in the same month last year.
Nuts
Nov 24, 2021

Cashews: African countries can score with lower freight costs

REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021

Almonds: prices down by EUR 0.80/kg within two months

SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021

Macadamias: production rebounds

REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021

Hazelnuts: lira record low boosts demand

ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.
Nuts
Nov 18, 2021

Pistachios: production in Turkey declines by 70%

REUS/ANKARA. While according to the INC, production in Turkey and Iran has dropped significantly, the USA is experiencing only a slight decline in production despite the current "off-year". This is due to the larger area under cultivation.
Nuts
Nov 18, 2021

Pine nuts: global production increase of 25% expected

REUS/BEIJING. After the disappointing yields of last year, the INC experts expect a significantly higher supply of pine nuts this season. However, prices for Chinese pine nuts are still at a relatively high level.
Nuts
Nov 17, 2021

Peanuts: China remains top producer

REUS/BEIJING. In its latest estimates, the INC shows that global peanut production increased slightly in the 2021/22 season. China remains the undisputed leader.
Nuts
Nov 16, 2021

Pistachios: water is not the only issue

TEHRAN. Pistachios are essential to Iran’s economy. Not only do they provide jobs for around 5 million people but also generate income in much needed foreign currency. Advantage is that cultivation requires little water. Issues with this valuable resource, however, do not pose the only threat to the entire industry.
Nuts
Nov 16, 2021

Walnuts: 36% slump in exports in October

SACRAMENTO. While the US export season started off with a 13% rise in September, matters are now entirely different. Exports range nearly 30% lower than last year this season so far.
Nuts
Nov 15, 2021

Cashews: China increases imports significantly

BEIJING/HANOI. China increased its cashew imports by more than 20% year-on-year and Vietnam remains by far the most important supplier. In Africa, processing is to become a stronger focus in the future.
Nuts
Nov 15, 2021

Hazelnuts: the great unknown

ORDU. The recent depreciation of the Turkish lira is having a sustained impact on the export prices for hazelnuts, especially since the lira fell to a record low against the US dollar on Friday. Traders are highly concerned over this week’s interest rate decision. The exchange rate, however, does not present the greatest unknown factor.