Market updates on edible nuts with up-to-date price trends
Nuts
Jul 28, 2022

Pistachios: frustrated organic producers

ZARANDIEH. Iran’s Markazi province may only rank sixth in terms of the area under cultivation and crop size, but Zarandieh county is the country’s leading producing area for organic pistachios. Turkey will replace Iran as second most important producer in 2022/2023.
Nuts
Jul 27, 2022

Cashews: slight increase in global production

REUS/YAMOUSSOUKRO. After Cambodia massively revised its crop figures upwards, the INC had to adjust production estimates for 2021/22 once again. A slight increase is expected for the new season.
Nuts
Jul 27, 2022

Almonds: Spain's exports increase by 12%

MADRID/SACRAMENTO. Spain's almond exports are picking up again at the end of the season, with Germany and France remaining the top buyers. Prices have stabilised for the time being after the last correction.
Nuts
Jul 25, 2022

Brazil nuts: global production to increase by 18%

REUS/SUCRE. Due to the expected larger crops in the most important growing countries Bolivia and Peru, the INC expects a noticeable increase in global production in 2022/23. The outlook for Brazil, however, is less rosy.
Nuts
Jul 25, 2022

Walnuts: production revised

REUS/SANTIAGO. While the International Nut and Dried Fruit Council estimated global walnut production for 2022/2023 at 2.65 million mt in May, this figure has now been lifted to 2.69 million mt. India has become the leading export destination for Chile.
Nuts
Jul 21, 2022

Pine nuts: 2022/2023 crop to decline by almost 30%

BEIJING/MOSCOW. In the 2021/2022 season, almost 150,000 mt of pine nuts were harvested worldwide. The forecast for the coming 2022/2023 season, however, is less optimistic. Production in China alone is expected to decline by 60%.
Nuts
Jul 20, 2022

Pecans: significantly larger crop in South Africa

REUS/MEXICO CITY. In its recently published production estimates, the INC predicts that global pecan availability will grow. South Africa, in particular, can show a notable increase, but there are also other winners.
Nuts
Jul 20, 2022

Macadamias: situation in Australia eases

CANBERRA. After the floods at the beginning of the year, the AMS and Australian growers are optimistic again. The harvest is now in full swing here.
Nuts
Jul 20, 2022

Almonds: revised estimates drive up prices

CANBERRA.While US almond exports have picked up in recent months, Australia has witnessed an unexpected hit to exports. Revised production estimates are driving up the market.
Nuts
Jul 19, 2022

Hazelnuts: revised production estimates

ORDU. While the economic situation is deteriorating in Turkey with banks urging customers to transfer foreign currencies into Turkish lira, news from the orchards has prompted authorities to revise the official production estimates for hazelnuts. Prices have, nevertheless, taken a curious turn.
Nuts
Jul 18, 2022

Peanuts: opinions differ

NEW DELHI. Although monsoon rainfall has picked up in Gujarat, traders and farmers disagree over the prospects for the state’s peanut crop. Indonesia’s temporary removal of the export levy for palm oil will also impact peanuts.
Nuts
Jul 14, 2022

Hazelnuts: bad news for buyers

ORDU. While hazelnuts suppliers in Turkey are enjoying a short break, Italy is in a state of emergency. Prices have also shifted.
Nuts
Jul 14, 2022

Almonds: NASS cuts production estimates

MADRID/SACRAMENTO. Prolonged drought coupled with frost damages and rising production costs have prompted the National Agricultural Statistics Service (NASS) to revise its production estimates for almonds downwards. California is, in fact, in crisis mode as farmers are left to struggle.
Nuts
Jul 12, 2022

Pistachios: suppliers ditch gloss

TEHRAN. Although several analysts state that Iran will remain a leading pistachio supplier, local sellers are far less optimistic. The issue is water, not only in Iran but also in the USA and Turkey.
Nuts
Jul 7, 2022

Hazelnuts: slippery grounds

ORDU. Turkey’s official inflation rate soared to a 24-year high of nearly 80% in June. Faith in such official figures is, however, dwindling as real inflation ranges twice as high. These shocking figures not only spell political and economic disaster but also show how slippery the grounds are for Turkey’s hazelnut suppliers.
Nuts
Jul 7, 2022

Pistachios: US farmers suffer from water shortage

SACRAMENTO. Especially during the current phase when the US pistachio trees are forming the nuts in the shells, sufficient irrigation is particularly important. However, as the American Pistachio Growers report, this is by no means given.
Nuts
Jul 7, 2022

Walnuts: Chile's crop larger than expected

SANTIAGO. The Chilean walnut crop turned out better than expected. With the growing production volumes, the development of new export markets is becoming increasingly important. ChileNut is focusing on India and sees great potential.
Nuts
Jul 6, 2022

Cashews: growers fight for their existence

HANOI. As Vinacas reports, cashew growers in Vietnam's Central Highlands are in an extremely tricky situation. Everything seems to be conspiring against them, and despite the prospect of support, the situation is more than gloomy.
Nuts
Jul 5, 2022

Almonds: disaster strikes in Spain

MADRID/SACRAMENTO. Water stress is an issue in California and in Spain. The situation in Spain is so bad that agricultural organisations are demanding compensations for farmers worst hit by this year's adverse weather conditions.
Nuts
Jul 5, 2022

Peanuts: acreage smaller than expected

ATLANTA/NEW DELHI. This year's acreage in the USA is likely to be significantly smaller than the USDA initially expected. The Peanut Grower also reports sluggish trading activities and declining exports.
Nuts
Jun 30, 2022

Hazelnuts: risky prices for new crop

ORDU. With demand for hazelnuts at an all time low and Turkey’s economic situation turning from bad to worse there is only one way for the market to turn. Common sense does not, however, necessarily prevail for hazelnuts and prices tend to follow their own dynamics.
Nuts
Jun 30, 2022

Pistachios: quality key to exports

TEHRAN. Iran’s pistachio exports slumped by 60% between January and May. Reasons are not only low inventories but also the war in Ukraine. Suppliers in Iran, however, hold one decisive advantage prompting demand to pick up in Europe.
Nuts
Jun 27, 2022

Peanuts: disappointing output

NEW DELHI. As the new peanut crop is arriving in India suppliers are rather disappointed with production in Uttar Pradesh. Prices have taken a rather surprising turn.
Nuts
Jun 23, 2022

Hazelnuts: from bad to worse

ORDU. Attention has certainly shifted towards the new hazelnut crop in Turkey. Demand is frustratingly low and suppliers are using creative means to change this. Things will, however, turn from bad to worse for many hazelnut manufacturers in Turkey.
Nuts
Jun 22, 2022

Walnuts: traders want to part with stocks

SACRAMENTO/SANTIAGO. At the end of the season, walnut shipments from the USA pick up once again. The overall weak export results of the season so far increase the sales pressure on the supplier side.
Nuts
Jun 22, 2022

Cashews: Vietnam's imports down significantly

HANOI. As Vinacas announced, Vietnamese imports declined noticeably year-on-year in the first four months of 2022. The country's exports are also lower than last previous year, although the decline here is more moderate.
Nuts
Jun 22, 2022

Pistachios: hard choices

TEHRAN. As accurate statistics on Iran’s annual pistachio production are lacking, it is challenging to issue reliable forecasts. Fact, however, is that spring frosts have caused extensive crop damages in the past two years and that farmers have lost large amounts of money. Yet, water scarcity is the most serious threat as growers are already confronted with the harsh realities of climate change.
Nuts
Jun 22, 2022

Almonds: Australia's April exports reach record level

MADRID/CANBERRA. Almond exporters report good export figures. US shipments are slowly picking up, Spain's exports remain well above last year and Australia could face a new record season.
Nuts
Jun 20, 2022

Macadamias: China on the rise

REUS. While floods have hit this year's macadamia production in Australia, China is about to become one of the leading producers. Inflation coupled with geopolitical tensions are weighing on demand and prices are on the move in Europe.
Nuts
Jun 15, 2022

Pecans: gap between supply and demand

ATLANTA. With strong marketing in the wake of the newly formed American Pecan Promotion Board, growers are hoping for higher demand - but this also brings some difficulties, according to Pecan Report.
Nuts
Jun 15, 2022

Hazelnuts: buyers go mad

ORDU. Although the TMO raised the stakes in the third round of sales by demanding a price of TRY 44.00/kg for inshell hazelnuts, exporters in Turkey are shocked to find that the state-run organisation successfully attracted buyers mad enough to pay such a price. While speculations are running wild in Turkey as to what prompted such a run on the TMO, it is next to impossible for suppliers to set the right prices for the new season.
Nuts
Jun 14, 2022

Pistachios: climate crisis challenges industry

MASHAD. Climate change has prompted pistachio production to shift towards the northwest and northeast of Iran. Drought and water scarcity have, by contrast, reduced production in Kerman province, which is located further south. The Khorasan Razavi province, in the northeast, however, scores with much more than climatic diversity.
Nuts
Jun 13, 2022

Almonds: drought and inflation

SACRAMENTO/MADRID. While buyers and suppliers are concerned with inflation, California is bracing for the driest months of the year. Water stress will be an issue in the next few months and prospects are rather bleak after the harvest. US almond shipments, nevertheless, hit a record in May.
Nuts
Jun 8, 2022

Hazelnuts: TMO raises the stakes

ORDU. Although Turkey’s inflation soared to a 24-year high of 73.5% in May, the central bank is optimistic that the tide will turn. President Recep Tayyip Erdoğan also promised more interest rate cuts in a speech he gave on Monday. Prospects are, however, far from encouraging for hazelnuts and traders are speculating on how successful the TMO will be in the third round of sales.
Nuts
May 31, 2022

Hazelnuts: a golden opportunity

ORDU. Despite Erdoğan’s assurances that inflation would improve after May, the Turkish lira has lost ground in recent weeks. The local currency even devalued by more than 20% immediately after treasury and finance minister Nureddin Nebati suggested that the lira had reached its lowest point. High inflation coupled with Erdogan’s unorthodox interest rate policy, nevertheless, present a bizarre opportunity for speculators. Suppliers have also issued cautious offers for the new crop.
Nuts
May 30, 2022

Pistachios: run on kernels

TEHRAN. Iran’s pistachio exports have declined sharply between January and April. While drought and excessive heat impacted last year’s production, prospects are also far from encouraging this year. Curiously, there is also a noted run on pistachio kernels.
Nuts
May 25, 2022

Hazelnuts: strange market dynamics

ORDU. Over the last few weeks reality has kicked in that sufficient supplies are available, and attention shifted more towards the new crop. At present, the mood is, however, shifting in Turkey’s hazelnut market. Issue are strange dynamics. The market may also have to adjust production estimates for the new crop.
Nuts
May 25, 2022

Almonds: conservative guesstimate in Spain

MADRID/SACRAMENTO. While almond production will range 4% lower in California at 2.80 billion pounds, things are also far from encouraging in Spain. According to the National Nut Board production will range 30% lower than last year. Judging by experience, however, the estimates presented by this organisation tend to be rather conservative.
Nuts
May 23, 2022

Peanuts: unease over supply and demand

NEW DELHI. Although the prices for peanuts have fluctuated in a narrow range in India in recent weeks, traders reckon that this is about to change. Issue are global factors, especially since production is under the weather in Brazil. Recently updated production estimates, however, tell a different story.
Nuts
May 19, 2022

Hazelnuts: tricky demand situation

ORDU. Economists reckon that Turkey is witnessing an unprecedented economic crisis of epic proportions. Hazelnut suppliers report the inflation is much worse than official figures suggest, and exporters are dealing on slippery grounds. The production estimates issued at the International Nut and Dried Fruit Congress also illustrate some surprising trends.
Nuts
May 18, 2022

Walnuts: China expects an production increase of 27%

SACRAMENTO/DUBAI. A noticeable crop increase in China means that global walnut production is expected to be around 17% higher than last year and yields are also expected to increase in other main growing countries. Meanwhile, US exports in April were again above this season's average.
Nuts
May 18, 2022

Cashews: EVFTA shows its positive effects

HANOI. The EU is the second most important export market for Vietnamese cashew nuts after the USA. The EVFTA trade agreement contributed significantly to an increase in exports to EU markets last year.
Nuts
May 17, 2022

Almonds: NASS confirms production decline

SACRAMENTO/CANBERRA. According to the National Agricultural Statistics Service (NASS) production will range 4% lower than last year at 2.80 billion pounds. US exports have picked up and exports form Austiralia have even doubled.
Nuts
May 16, 2022

Pecans: worst drought in 1,200 years

SANTA FE/SACRAMENTO. Studies have found that the western parts of the USA are confronted with the worst prolonged drought in 1,200 years. Since water is restricted local farmers now have to make difficult decisions.
Nuts
May 12, 2022

Hazelnuts: suppliers assess new INC crop estimates

ORDU. Turkey’s hazelnut suppliers are testing the market at the World Nut and Dried Fruit Congress (INC), which is coming to an end in Dubai. While the TMO’s anticipated price policy will hardly prove sustainable, Ferrero stands much better chances in 2022/2023. Domestic demand has, meanwhile, picked up in Turkey.
Nuts
May 12, 2022

Pecans: last year's record will not be topped

ATLANTA. In the 2020/21 season, both US domestic consumption and exports reached a record high, according to data from the American Pecan Council. These levels will not be reached in the current season as demand is declining.
Nuts
May 11, 2022

Almonds: high water prices could be fatal

MADRID/SACRAMENTO. Spanish farmers' associations are demanding compensation for almond growers after the frost-related losses. In California, the acreage is estimated to have increased by 3.8% compared to last year, but high costs for pesticides and water reduce the yield prospects.
Nuts
May 11, 2022

Walnuts: Hungary's exports to the EU drop drastically

BUDAPEST/SANTIAGO. In the past two years, more and more buyers in the EU have switched from Eastern European to Chilean goods, so that Hungary, for example, hardly records any exports to EU countries. A large part of the crop is destined for the domestic market.