Market updates on edible nuts with up-to-date price trends
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.
Nuts
Nov 15, 2021

Almonds: slump in US exports

SACRAMENTO/MADRID. While the US almond export season started with a bang in August with international shipments rising by more than a third over August 2020, things have changed since. Exports have been rather weak for two months in a row now. Prices are also not quite what the market expected.
Nuts
Nov 11, 2021

Walnuts: transport problems weigh on traders and growers

SACRAMENTO/PARIS. The lack of containers and cargo ships in the USA means that some of the goods are still piling up on the growers' farms. This could lead to losses in the end, as parts of the crop cannot be brought in due to lack of space.
Nuts
Nov 10, 2021

Pecans: Brazil achieves record crop

REUS/BRASILIA. As reported by the INC, Brazil's pecan crop increased by more than 70% compared to last year and achieved an absolute record volume. China's production volume is also increasing significantly, while Mexico's crop has dropped by almost a third.
Nuts
Nov 10, 2021

Almonds: prices continue to slump

MADRID/SACRAMENTO. Logistics still present a challenge and the lack of empty containers is a particular cause of consternation. The spot market prices for almonds continue to lose ground in Europe.
Nuts
Nov 8, 2021

Brazil nuts: global production declines significantly

REUS/SUCRE. The INC expects a global production decline of 17.5% for the Brazil nut season 2021/22. Only one of the most important producing countries can keep its volume at a stable level. This is also reflected in the prices.
Nuts
Nov 8, 2021

Hazelnuts: unattractive prices

ORDU. Although exchange rate fluctuations have prompted suppliers to adjust export prices, the lira no longer takes centre stage in Turkey’s hazelnut market. Attention has rather shifted towards quality issues, widening price gaps and a change in buying. Georgia and Azerbaijan are far from successful in competing with Turkey.
Nuts
Nov 3, 2021

Walnuts: traders contradict US experts

SACRAMENTO/CHISINAU. The USDA has published its estimates for global walnut production. Eastern European traders, however, contradict the optimistic estimates. In addition, there are delays in the harvesting and drying process. Meanwhile, Chinese exporters are very interested in shipments to the EU.
Nuts
Nov 3, 2021

Pistachios: production is at risk

KERMAN. Iran’s Kerman Province largely depends on pistachio exports, which generate a valuable source of income. Annual revenue ranges at USD 1.5 billion. Rainfalls have, however, decreased by as much as 80% this year and traders are convinced that Iran’s position as leading supplier is under threat if the country fails to adapt to climate change.
Nuts
Nov 2, 2021

Almonds: global crop to be 8% lower than last year

MADRID/SACRAMENTO. Due to unfavourable weather conditions in the main growing regions of Spain and in California, a lower crop result has been discussed for some time. In the meantime, the USDA has also published its estimates for global almond production in 2021/2022.
Nuts
Nov 2, 2021

Peanuts: traders in India hope for shift in demand

ATLANTA/NEW DELHI. The shipping crisis presents an unprecedented challenge for US peanut suppliers. Although export demand is high, suppliers are having difficulties meeting contracts. Overseas demand has, by contrast, declined in India this year.
Nuts
Nov 1, 2021

Hazelnuts: suppliers far from satisfied

ORDU. Although the Turkish lira has found some strength against the US dollar and the euro, exchange rates remain highly volatile. A high degree of uncertainty remains in the hazelnut market. The TMO has purchased around 75,000 mt so far.
Nuts
Oct 28, 2021

Desiccated coconuts: edible oil market also challenges coconut traders

MANILA. Rising palm oil prices are also pushing up coconut oil, whose prices have almost doubled compared to last month. There is little hope for relief in the near future.
Nuts
Oct 27, 2021

Almonds: low prices to attract buyers

MADRID/SACRAMENTO. The almond marekt continues its downward trend. US almonds have declined sharply in price in Europe. Exports have started off well in Spain in 2021/2022.
Nuts
Oct 27, 2021

Walnuts: buyers urged to caution in China

BEIJING/SACRAMENTO. The International Nut and Dried Fruit Council (INC) and the US Department of Agriculture anticipate sharp declines in walnut production in some countries in their recently issued estimates. China is, however, a noted exception. Production remains high here.
Nuts
Oct 25, 2021

Hazelnuts: exporters are in trouble

ORDU. The Turkish lira has slumped to a new record low against the euro and USD after President Recep Tayyip Erdogan decided to expel ten ambassadors on Saturday. Traders, however, point out that the situation is not quite as simple for hazelnuts as buyers in Europe would like. The exporters are in trouble and Ferrero should not be underestimated.
Nuts
Oct 20, 2021

Pecans: US shipments increased significantly

ATLANTA. As the American Pecan Council states in its year-end report, both growers and exporters can be satisfied with the pecan season 2020/21. China made a significant contribution to this.
Nuts
Oct 20, 2021

Almonds: lower yields are emerging

SACRAMENTO/MADRID. Caution prevails before new contracts are being entered at present, especially since lower yields are emerging in California's almond orchards. Demand is, however, also rather subdued due to various different factors. This has impacted spot market prices in Europe.
Nuts
Oct 18, 2021

Cashews: imports return to normal

HANOI. After Cambodian exports to Vietnam had puzzled market players at the beginning of the year, the figures have now returned to normal. Another country has reclaimed its role as the main supplier.
Nuts
Oct 18, 2021

Hazelnuts: lira takes centre stage

ORDU. Turkey’s hazelnut market was plunged into chaos again after the lira recently slumped to new lows against the euro and US dollar. Disaster struck after President Recep Tayyip Erdogan fired three central bank policy makers, who are claimed to have opposed last month’s interest rate cut. Concern is that more interest rate cuts will follow despite inflation being high, possibly even this week as the next policy meeting will be held on Thursday.
Nuts
Oct 18, 2021

Pistachios: subdued demand weighs on market

KERMAN/SACRAMENTO. Growers have completed the pistachio harvest in Iran's southern Kerman Province. Conditions are ideal to accelerate cultivation here. US export have risen sharply in September.
Nuts
Oct 14, 2021

Almonds: US production slightly higher than last year

SACRAMENTO. US shellers struggle with small nuts, yet the production result so far is 2% higher than last year. After a strong export month in August, export volumes declined significantly in September 2021.
Nuts
Oct 14, 2021

Walnuts: China's crop volume remains unchanged

BEIJING/SACRAMENTO. Although the spring frosts in Xinjiang have had a negative impact on the crop, other Chinese provinces are able to compensate for the losses. In the USA, the new export season has started well.
Nuts
Oct 13, 2021

Cashews: Vietnam remains most important supplier for the USA

HANOI/ACCRA. Although Vietnam has had to deal with many pandemic-related restrictions, the country can hold its own as the most important cashew supplier for the USA. However, some African countries could emerge as competitors in the future.
Nuts
Oct 11, 2021

Hazelnuts: harvest can finally be completed

ORDU. A more stable weather situation should ensure that the drying process of the hazelnut kernels can finally be completed. Due to the higher bid prices of the TMO, farmers continue to preferably sell their goods to the state organisation for the time being.
Nuts
Oct 7, 2021

Pecans: new season becomes a challenge

ATLANTA. High demand and smaller crops are fuelling market players' fears that supplies may run short in the 2021/22 season. Chinese buyers are already stocking up for the New Year celebrations in February.
Nuts
Oct 6, 2021

Cashews: India introduces new hybrid variant

NEW DELHI/DAR ES SALAAM. The Directorate of Cashew Research in India has presented a new cashew hybrid variety that is expected to bring great benefits to farmers and producers. Tanzania, meanwhile, starts the new trade season this week.
Nuts
Oct 5, 2021

Almonds: Spain's Ministry of Agriculture announces latest crop estimates

MADRID. The current report on the 2021 almond crop of the Spanish Ministry of Agriculture, Fisheries and Food speaks of a production deficit of almost 15%. Despite high losses, however, Andalusia remains by far the most important almond-growing region in Spain.
Nuts
Oct 5, 2021

Walnuts: Ukraine expects production increases

KIEV. In the 2021/22 season, both a larger acreage and better yields are expected in Ukraine. Commercial production is also moving further into focus there.
Nuts
Oct 5, 2021

Desiccated coconuts: goods are scarce and expensive

MANILA. Even though the situation is no longer as tense as it was at the beginning of the year, coconut producers and traders are still struggling with major difficulties. Possible price reductions are thus a long way off.
Nuts
Oct 5, 2021

Pistachios: climate change impact

BIRJAND. Drought has impacted pistachio production in Iran’s South Khorasan Province for more than twenty years. Variations in temperature, reduced rainfall and humidity cause a lot of damage every year. Growers use wells and aqueducts to compensate for less rain. This year production is, however, not only expected to decline but growers are also confronted with additional challenges.
Nuts
Oct 4, 2021

Hazelnuts: Ferrero to act as game changer

ORDU. Quality is an issue in Turkey. Many hazelnuts have been rejected and the situation is not expected to improve. Problem is that drying is simply too slow and the weather forecasts are not exactly encouraging. Low quality does not, however, necessarily mean that prices will rise. Especially since Ferrero may well act as a game changer.
Nuts
Sep 29, 2021

Cashews: Vietnam shows impressive exports

HANOI. According to the latest data from Vinacas, Vietnamese exports have increased significantly year-on-year in the first eight months of 2021. Consequently, imports are also much higher than in 2020.
Nuts
Sep 28, 2021

Walnuts: sellers are optimistic

SACRAMENTO/BEIJING. Given the good demand in recent months, US walnut traders are confident that they will have no problem selling this year's crop.
Nuts
Sep 28, 2021

Hazelnuts: Erdoğan sends shockwaves through the market

ORDU. In cutting the key interest rate Turkey’s Central Bank not only took the market by surprise but also prompted the Turkish lira to crash. This naturally impacted the export prices for hazelnuts. Although buyers are very much prepared to take advantage of the current market situation, things are not quite as simple.
Nuts
Sep 27, 2021

Almonds: exports 6% up in Spain

MADRID. Spain's overseas shipments for almonds ranged higher in July. Total shipments for the season have nearly risen by 6% on last year. Concerns are, however, being voiced over crop losses at present. This has impacted prices.