Market updates on edible nuts with up-to-date price trends
Nuts
Sep 2, 2021

Walnuts: US crop 15% smaller than last year

SANTIAGO/BUDAPEST. The crop forecast for the 2021 US walnut crop published by the USDA on 1 September was even more disillusioning than the INC's already lower estimate in June. Hungarian traders, however, are optimistic about the crop in their country.
Nuts
Sep 1, 2021

Cashews: exports increase significantly

HANOI. Both Vietnam's imports and exports have increased significantly compared to last year. Nevertheless, the cashew industry continues to face various problems.
Nuts
Aug 31, 2021

Almonds: farmers' association expects record losses

MADRID/SACRAMENTO. The Catalan farmers' association reports high crop losses. In addition to hazelnut and carob trees, almond plantations are also affected. Market players are currently talking about the worst crop result in the last ten years.
Nuts
Aug 30, 2021

Hazelnuts: raw materials from the new crop will be available soon

ORDU. In Turkey, the hazelnut harvest is progressing. At the same time, large quantities have already been registered for sale to the TMO while market leader Ferrero continues hold back.
Nuts
Aug 26, 2021

Pine nuts: slight correction of export prices

BEIJING. Due to various circumstances, Germany has significantly reduced the import of pine nuts from China this season. Russian exporters are benefiting the most, as even at the end of the season, imports are still significantly higher than the year before.
Nuts
Aug 26, 2021

Pecans: US production cannot meet demand

ATLANTA. As Pecan Report explains, it is becoming increasingly difficult for US farmers and producers to meet the high demand. For this reason, more raw nuts have to be imported from other origins.
Nuts
Aug 25, 2021

Cashews: stricter surveillance for imports from Cambodia

HANOI. To prevent possible fraud, Vietnam's customs office has introduced strict import rules for RCN, especially from Cambodia. Meanwhile, a favourable development for Vietnamese exporters is evident in Japan.
Nuts
Aug 24, 2021

Almonds: disappointing yields at the start of the harvest

MADRID/SACRAMENTO. The first yields from the Spanish almond crop 2021 show a disappointing result. Overall, production could therefore be even lower than expected. In addition, good exports at the end of the season might lead to lower surplus stocks.
Nuts
Aug 23, 2021

Hazelnuts: prices for the new crop start to settle

ORDU. Rainfall continues to delay the drying of the hazelnuts, which is why the new crop is not yet available on the market. However, the first small quantities are expected in the coming days. Meanwhile, prices are slowly settling.
Nuts
Aug 19, 2021

Pistachios: Iranian farmers start harvesting

TEHRAN. In some Iranian provinces, the pistachio farmers have already started harvesting, in other regions the harvest process is about to begin. Prices remained stable on the domestic market, but the exchange rate caused some deviations.
Nuts
Aug 18, 2021

Desiccated coconuts: buyers' plan does not work out

MANILA. Due to the ongoing lockdown, the situation for coconut producers in the Philippines is currently very difficult. European and US buyers had been holding back on purchases to avoid the high freight costs - but this plan seems to be failing.
Nuts
Aug 18, 2021

Walnuts: US production may have reached its peak

SACRAMENTO. US exports are significantly above last year's level. However, experts reckon that farmers may lack the financial incentive to expand the acreage in the coming years. For now, new areas that have been planted in recent years are still coming on stream.
Nuts
Aug 18, 2021

Pistachios: lower yields due to drought

SACRAMENTO. The demand for US pistachios is still very high. Due to the expected decline in production this year, prices are likely to rise. The executive director of the American Pistachio Growers announced the first estimates for the new crop.
Nuts
Aug 17, 2021

Almonds: US exports up by a third

MADRID/SACRAMENTO. The US almond season 2020/2021 closed with high export figures, reduced cultivation forecasts and rising prices. Spanish market players are adjusting their prices.
Nuts
Aug 16, 2021

Cashews: "Three on the Spot" temporarily stopped

HANOI. After a month spent entirely in the processing factories by many workers in the cashew industry, the "Three on the Spot" measure is put on hold for the time being. In addition, there is currently a lot of disagreement over freight costs.
Nuts
Aug 16, 2021

Hazelnuts: Ferrero still to issue bid

ORDU. President Erdoğan has finally announced the TMO bid for hazelnuts over TRY 26.5/kg for Levantine quality and over TRY 27.0/kg for Giresun quality. As these prices are largely in line with expectations there has been no big shift in the market so far. Much now depends on the bid Ferrero is expected to issue very soon. Buyers in Europe are urged to be on the alert, while harvesting has started in coastal areas.
Nuts
Aug 10, 2021

Pistachios: production to fall 21% short of last year

TEHRAN. Although 2021 is an off-year in terms of production in Iran, the country holds a great advantage. The increase in the total area under cultivation coupled with the diversity of the pistachios produced in Iran have reduced the gap between off-years and on-years. Production, therefore, differs considerably in different parts of the country. Frost, heat and hailstorms have, however, caused considerable damage in many places.
Nuts
Aug 9, 2021

Cashews: USA urges Vietnam to prioritise vaccination of industry

HANOI/BEIJING. The Food Industry of America (FIA) has urged Vietnam to prioritise vaccinating workers in agricultural production and food processing, especially in the cashew industry, in a letter addressed to Prime Minister Pham Minh Chinh on 3 August. As local media report, the social distancing measures and restrictions in place to curb the fourth wave of the pandemic are expected to jeopardise production and transportation of cashew nuts in Vietnam. Ports in China are confronted with chaotic weather conditions.
Nuts
Aug 9, 2021

Hazelnuts: blame game spells trouble

ORDU. The hazelnut market is still waiting for the TMO to issue a bid and for Ferrero to jump into action. With President Erdoğan, however, facing fierce criticism over his response to the wildfires in the southern parts of Turkey things may be different this year. The present political blame game spells trouble for the market, which has certainly taken a rather surprising turn.
Nuts
Aug 4, 2021

Cashews: RCN supplies are not the issue

REUS/HANOI/NEW DELHI. The International Nut and Dried Fruit Council (INC) reckons that global cashew production will be similar in size to the current season in 2021/2022. Drought will, however, partly impact production in Africa. Prices have , meanwhile, turned in different directions in Europe and in India.
Nuts
Aug 3, 2021

Almonds: exports top expectations

MADRID/SACRAMENTO. Exports in May have taken Spain by surprise. Issue is that more almonds were shipped overseas than anticipated. The strong export season in the US also has its downsides as market players are now voicing concerns that carry-over supplies will not be able to meet demand until the new crop arrives.
Nuts
Aug 2, 2021

Macadamias: production estimates slashed for Australia

REUS/PRETORIA. While the International Nut and Dried Fruit Council (INC) still reckoned that Australia would become the world's leading producer for macadamias in March, things have changed now. Issue is that adverse weather conditions have impacted production here. Global production estimates have also been revised downwards.
Nuts
Aug 2, 2021

Brazil nuts: production declines send prices flying

REUS. Prices for Brazil nuts have been on the rise for months. The International Nut and Dried Fruit Council (INC) now estimates that global production is set to decline by more than 17% in 2021/2022. Prospects are anything but encouraging in Bolivia and in Brazil at present. In Peru the situation is, however, entirely different.
Nuts
Aug 2, 2021

Hazelnuts: Ferrero about to set course for new season

ORDU. While President Erdogan is expected to announce the TMO bid on Tuesday or on Wednesday, traders point out that this is not quite as important as Ferrero’s response. Large exporters in Turkey may incur heavy losses. That is if the lira retains its new found strength. Demand in Europe is still frustratingly low.
Nuts
Jul 29, 2021

Cashews: high freight costs raise some doubts

HANOI. The container shortage has driven up freight charges massively in recent months. In Vietnam, there are now initial doubts whether price increases to this extent are justified.
Nuts
Jul 28, 2021

Desiccated coconuts: all bad things come in threes

MANILA. In the Philippines, producers are facing rising coronavirus case numbers on the one hand, and the difficulties caused by the typhoon season on the other hand. To make the disaster complete, freight costs have reached a record high that could last until 2022.
Nuts
Jul 27, 2021

Pistachios: negative inventory sparks confusion

TEHRAN/SACRAMENTO. Although Iran’s exports for the current season are 63% up on last year through to 21 June, they fall short of US exports. The Iran Pistachio Association has, in addition, reported a slip. Issue is that ending inventories for 2020/2021 range at an impossible -5,600 mt, which cannot be accounted for unless production estimates are revised. This is exactly what the association intends to do in October.
Nuts
Jul 26, 2021

Almonds: Spain should take advantage of its position

MADRID/SACRAMENTO. During the 5th Meeting of the Spanish Almond Industry, around 150 representatives of the sector met to discuss current issues. Meanwhile, the drought in the USA and the general prospect of declining production figures in important growing countries are causing almond prices to rise.
Nuts
Jul 26, 2021

Hazelnuts: raised eyebrows over prices

ORDU. Turkey is back again this week with President Erdogan expected to announce the TMO bid for hazelnuts anytime soon. Traders reckon that Erdogan will try very hard to avoid trouble. Buyers are highly irritated over the prices for the new crop. On top of this, not all news on this year’s crop is good.
Nuts
Jul 26, 2021

Walnuts: stocks to melt away

REUS. The International Nut and Dried Fruit Council anticipates an 85% slump in end-of-season stocks in 2021/2022. This is mainly driven by China's below-average carry-over stocks. While global inshell walnut production will only range nominally higher than in 2020/2021 at 2.31 million mt, consumption is expected to rise by 9% to 2.46 million mt. Spot market prices in Europe are expected to take a jump at the start of the season.
Nuts
Jul 21, 2021

Pine nuts: China's shocking dependency

BEIJING/REUS. The pandemic has disrupted supply chains and highlighted incremental problems. Pine nuts are no exception to this. The market was, however, stunned to find out to what extent China depends on external raw material supplies. China's production consequently fell well short of expectations in the current season due to supply chain disruptions. Production estimates have now been slashed by nearly 50%. Things are, however, expected to improve in 2021/2022.
Nuts
Jul 19, 2021

Hazelnuts: with pomp and circumstance

ORDU. President Recep Tayyip Erdoğan is expected to announce the TMO bid for hazelnuts with pomp and circumstance in Giresun next week. Although Turkey is mainly closed for Eid this week, the central bank has caused some commotion in the market by keeping the key interest rate unchanged at 19% - quite against Erdogan’s wishes. This move has certainly taken analysts by surprise. Suppliers are wondering in how far the central bank chief will be able to maintain his independence.
Nuts
Jul 19, 2021

Pistachios: traders refute INC assessment

TEHRAN/REUS. Traders are highly concerned over Iran’s ability to compete in the international pistachio market. Although recently issued export data was rather encouraging, frost and extreme heat will certainly impact this year’s production. On top of this, farmers are confronted with several problems. Local traders very much contradict the International Nut and Dried Fruit Council’s (INC) optimistic outlook.
Nuts
Jul 15, 2021

Pecans: high buying interest motivates growers

ATLANTA. Year-on-year, US pecan shipments rose by more than 26% during the first nine months of the season. This is motivating farmers to increase acreage to meet the high demand.
Nuts
Jul 14, 2021

Walnuts: traders demand surcharges for the new crop

SACRAMENTO. Some US walnut varieties will be offered with a noticeable surcharge at the beginning of the season. Demand for these products is high, while at the same the crop volume expected to decline.
Nuts
Jul 13, 2021

Almonds: US production estimate cut by 13%

MADRID/SACRAMENTO. The 2021 objective report for almonds in California came with a bang on Monday. While the National Agricultural Statistics Service (NASS) still anticipated a record production of 3.2 billion lbs in May, this figure has now been slashed to 2.8 billion lbs. This estimate, however, raises some questions.
Nuts
Jul 12, 2021

Hazelnuts: new estimate is a far cry from market expectations

ORDU. Although it is normal for production estimates to differ in Turkey’s hazelnut market, the Ministry of Agriculture’s recent estimate is a far cry from the figure anticipated by the Exporters Union. While the exporters reckon that this year’s production will range at 800,000 mt, the ministry has issud a far lower estimate of c 686,000 mt. Problem is that the market is not used to such a large discrepancy. Experienced suppliers have responded swiftly.
Nuts
Jul 8, 2021

Cashews: Vietnam's producers lose out

HANOI. New statistics show that Vietnam's export volume increased by 11% in the first half of 2021, while the export value did not even increase by 1.5%. According to experts, this is because other parts of the value chain are making the real gains.
Nuts
Jul 7, 2021

Almonds: alarm bells sounded over production in Spain

MADRID/SACRAMENTO. Official almond production estimates have been called into question in Spain. Issue is that the National Farmers and Stockbreeders Union anticipates a much smaller production this year. Things may also not be quite as encouraging in California.
Nuts
Jul 5, 2021

Pecans: nuts are falling during June Drop

ATLANTA. Just like every year around this time, pecan trees in the southeastern USA are starting to thin out their clusters - growers refer to this as the "June Drop". Cold storage stocks are down year-on-year.
Nuts
Jul 5, 2021

Macadamias: preliminary assessment of crop losses

CANBERRA/PRETORIA. The Australian Macadamia Society (AMS) has revised its forecast for the Australian macadamia production in 2021 downwards by 4.5%. The world crop is also expected to be lower in 2021/2022.
Nuts
Jul 5, 2021

Dessicated coconuts: typhoon season may spell disaster

MANILA/COLOMBO. Delivery and production delays are still rampant in the coconut producing countries in the Pacific. They are also causing the supply squeeze in Europe to get worse. Much will, in addition, depend on the approaching typhoon season. Spot market prices have, however, taken a surprising turn in Europe.
Nuts
Jul 5, 2021

Hazelnuts: market in waiting mode

ORDU. As the TMO is still to issue a bid price for hazelnuts market players prefer to play it safe. Guess it that prices will range higher since the state-run organisation raised the support price for tea grown in the Black Region by 18%. Ferrero’s response will also prove decisive.
Pulses
Jun 30, 2021

Peanuts: China expects significant increase in production

BEIJING/NEW DELHI. While China is expecting a higher crop than last year due to its expanded acreage, the omens in India are quite different. Here, hopes are pinned on peanut oil exports.
Nuts
Jun 29, 2021

Pecans: US exports to Mexico drop rapidly

ATLANTA. The USA has exported large quantities of raw pecans to Mexico in recent years - but one should take a closer look at this data. Since this season, there have been significant declines in exports.
Nuts
Jun 29, 2021

Almonds: farmers forced to cut down trees

MADRID/SACRAMENTO. California's drought will not only impact this year's almond production but also next year's. Farmers are determined to save their orchards. Some have taken drastic measures and are prepared to invest heavily. Exports in Spain have taken a surprising turn.
Nuts
Jun 28, 2021

Cashews: Vietnam about to face a raw material problem

HANOI. As African exporting countries increasingly aim to process the RCN harvested there themselves, raw nut shipments to Vietnam will decrease in the coming years. The country itself will hardly be able to compensate for this deficit.
Nuts
Jun 28, 2021

Hazelnuts: tough decisions

ORDU. Local reports over shrubs losing large amounts of hazelnuts in Turkey have not been confirmed so far. However, the market is in disarray as producers backed the wrong horse in reckoning with an increasingly weak Turkish lira. Problem now is that the lira is much more stable than anticipated and suppliers have to backtrack. With prices drifting further apart buyers are prompted to act.