Market updates on edible nuts with up-to-date price trends
Nuts
Oct 26, 2023

Hazelnuts: Ferrero sets the ceiling

ORDU. Ferrero has issued a new bid for hazelnuts. Some stakeholders are far from pleased.
Nuts
Oct 26, 2023

Pistachios: exports need to catch up with production

FRESNO/TEHRAN. With new pistachio trees becoming productive and acreage expanding US growers are highly upbeat about future production. Problem is that exports need to gain momentum, which is not the case at present. Prices have shifted notably in Iran.
Nuts
Oct 24, 2023

Cashews: slump in exports more serious issue

PHNOM PENH/DAR ES SALAAM. Reducing dependency on Vietnam and tapping into Africa’s market potential with 1.4 billion consumers are key objectives for the African Cashew Alliance (ACA). Recent export figures for cashews may highlight Vietnam’s dominance, but Cambodia’s local industry has started to fight back.
Nuts
Oct 23, 2023

Peanuts: possible price hikes for peanut oil

NEW DELHI. The Indian peanut market has seen price declines to which growers are reacting in different ways. Large purchases from Indonesia have so far failed to materialise, but other countries are showing increased buying interest.
Nuts
Oct 18, 2023

Almonds: new crop a mixed blessing

MADRID/SACRAMENTO. For California, the tide has turned as the late crop is turning out to be a blessing in disguise for the almond industry. Crop receipts surged in September and shipments are up. Spain is buying more almonds in the USA this season.
Nuts
Oct 16, 2023

Hazelnuts: buyers advised to plug their ears

ORDU. Panic persists over the size of Turkey’s hazelnuts production. Although the crop failed to match initial estimates this year, suppliers are more worried about the future. Prices may have turned but the Anuga food and beverage fair showed that not everything is quite as bad for exporters.
Nuts
Oct 16, 2023

Peanuts: nothing but a fig leaf

NEW DELHI. Vietnam has rejected nearly 200 containers from India blaming quality. This is, however, only a fig leaf as other issues are at stake for peanuts. Expectation is that market prices will turn direction soon.
Nuts
Oct 10, 2023

Cashews: September exports clearly up

HANOI. Vietnam's cashew exports ranged 50% higher than last year in September. Vinacas, the Vietnam Cashew Association, is confident that the export target of USD 3.1 billion will be reached.
Nuts
Oct 9, 2023

Peanuts: new crop puts pressure on prices

NEW DELHI/ATLANTA. The winter harvest in India has begun and with large arrivals flooding the markets in the coming weeks, traders expect prices to fall sharply. Meanwhile, the US could increase exports to the EU.
Nuts
Oct 9, 2023

Brazil nuts: no sign of sluggish demand in EU

BRUSSELS. Trading was slow to pick up in the current crop year, but demand has certainly revived in recent months, especially in the EU.
Nuts
Oct 6, 2023

Hazelnuts: industry on edge over Ferrero’s inaction

ORDU. Hazelnuts have witnessed a turbulent start to the season, which has left many suppliers in a precarious position. Although the TMO jumped into action quite quickly, Ferrero has been oddly inactive so far.
Nuts
Oct 5, 2023

Almonds: not quite as expected

MADRID/SACRAMENTO. While almond suppliers in Spain are coming to terms with the fact that production has fallen short of expectations, growers and hullers are racing against time in California.
Nuts
Oct 2, 2023

Peanuts: moisture content too high

NEW DELHI. Persistent rains are ensuring that the Indian peanuts of the new crop are not yet convincing with their quality. Chinese purchases are raising question marks, while the Gujarat government is supporting farmers.
Nuts
Sep 28, 2023

Hazelnuts: way out of range for most buyers

ORDU. In Turkey the situation is still quite out of hand for hazelnuts. Main problem is that many suppliers signed contracts before it emerged that the crop would be much lower than anticipated. The TMO intends to leave exporters in the lurch.
Nuts
Sep 28, 2023

Pistachios: mysterious discolouration sparks heated debates

SACRAMENTO/TEHRAN. While California’s pistachio industry is refuting USDA intentions of declaring a mysterious discolouration as a damage with large-scale impact, US exports have hit a record. Yet, the opposite is the case in Iran.
Nuts
Sep 27, 2023

Pecans: Brazilian growers are highly motivated

ATLANTA/PORTO ALEGRE. In the USA, the production outlook is mixed this year and different reports are causing confusion in the pecan market. In Brazil, however, an interesting development is taking place.
Nuts
Sep 27, 2023

Cashews: new export record in August

HANOI. Vinacas reports that Vietnamese cashew exports reached a new record high in August 2023. Overall, Vietnam's cashew exports in the first eight months of the year are impressive.
Nuts
Sep 26, 2023

Pine nuts: more than just a luxury food

BRUSSELS/BEIJING. While the dangers of harvesting pine nuts have been highlighted in China in recent weeks, demand is an issue in the USA. EU imports, however, show quite a different trend.
Nuts
Sep 25, 2023

Peanuts: focus is on good quality

NEW DELHI. In India, but also in North and South American growing countries, market players are paying more attention to the good quality of their goods in order not to jeopardise exports to Europe. There were further price increases on the Indian market.
Nuts
Sep 20, 2023

Hazelnuts: golden opportunity for TMO

ORDU. Just how can they get it so wrong is precisely what some buyers are thinking about this year’s hazelnut crop in Turkey. While official projections initially ranged above 800,000 mt, pessimistic voices are reckoning with a production as low as 400,000-500,000 mt. For the TMO the situation presents a golden opportunity.
Nuts
Sep 19, 2023

Pecans: hurricane Idalia causes extensive destruction

BRUSSELS/PELHAM. Hurricane Idalia has wreaked havoc in Georgia, the world’s largest producing region for pecans. Mexico has sharply increased sales in the EU this year and has gained extensive market shares.
Nuts
Sep 18, 2023

Almonds: crop receipts way below expectations

SACRAMENTO/MADRID. In the Position Report for August the Almond Board of California highlights that crop receipts range a shocking 73% lower than last year.
Nuts
Sep 18, 2023

Peanuts: unexpected turn

NEW DELHI. Although the peanut harvest is underway in India, prices have taken a rather unexpected turn. News on the US crop is confusing and harvesting is well underway in China.
Nuts
Sep 13, 2023

Hazelnuts: Ferrero overtaken by events

ORDU. While it briefly seemed as if Ferrero’s purchasing price of TRY 80/kg would prove attractive hazelnuts, schemes have been overtaken by events.
Nuts
Sep 11, 2023

Hazelnuts: Ferrero back in control

ORDU. Although Ferrero waited one month to announce its bid for hazelnuts in Turkey, the market giant is back in control.
Nuts
Sep 11, 2023

Macadamias: new estimates in Australia

CANBERRA. With harvesting nearly complete the Australian Macadamia Society (AMS) has once again reduced its crop forecast for 2023. China is on track to becoming the world’s second largest producer.
Nuts
Sep 11, 2023

Peanuts: still waiting for rain

NEW DELHI. India is still waiting for rain. Farmers have started harvesting peanuts in China and estimates are circulating in Brazil. Exports are really disappointing in Argentina and the US has witnessed some rain.
Nuts
Sep 7, 2023

Walnuts: China’s large crop fails to impress EU

WASHINGTON D.C/BRUSSELS. Contrary to expectations, California’s walnut crop will rise by 5% to 790,000 tons as compared with last year as the USDA’s Objective Measurement Report states. Although bearing acres range lower than last year, yields have improved considerably. China’s large crop has left importers in the EU largely unimpressed this year so far.
Nuts
Sep 5, 2023

Pistachios: climate change costs Iran dearly

TEHRAN/BRUSSELS. While the EU has cut back on importing pistachios, Iran will have to invest in measures to tackle the impact of climate change. Illegal wells are also not helping.
Nuts
Sep 5, 2023

Brazil nuts: Peru records export increase

LIMA. Year-on-year, Peru increased its Brazil nut exports in terms of volume, while the export value is lower than 2022. The industry is facing some serious difficulties.
Nuts
Sep 4, 2023

Peanuts: rainfall is crucial

NEW DELHI/ATLANTA. In India, rains over the next two weeks will prove crucial for the yield and quality of this year's crop. US exporters, meanwhile, report rising demand from Europe.
Nuts
Aug 31, 2023

Hazelnuts: price adjustments continue

ORDU. The Turkish hazelnut market is still waiting for market giant Ferrero to announce its purchase prices. Meanwhile, the TMO has adjusted its prices due to the quality losses of the crop caused by pest infestation.
Nuts
Aug 30, 2023

Almonds: heat stress has consequences

MADRID/SACRAMENTO. According to current reports, Spain's almond crop will be significantly smaller than previously expected. The reason is the heat and drought of the past months. Meanwhile, Australia can again report good export results.
Nuts
Aug 30, 2023

Pistachios: good prospects for the Turkish crop

GAZIANTEP/SACRAMENTO. Pistachio cultivation is becoming increasingly important in Turkey, and favourable rainfall conditions this year give hope for a good crop in 2024. In the USA, however, the harvest is expected to be delayed.
Nuts
Aug 29, 2023

Macadamias: first crop estimates for South Africa

CAPE TOWN/CANBERRA. First projections for South Africa's 2023 macadamia crop have been released, but pests could still cause yields to be lower. The driving force on the world market is demand from China.
Nuts
Aug 28, 2023

Peanuts: El Niño curbs rainfall

NEW DELHI/ATLANTA. Despite the monsoon season, the weather phenomenon El Niño has ensured that rainfall in India has been unusually low in August. This could have a significant impact on yields. Farmers in the USA are also currently facing dry conditions.
Nuts
Aug 25, 2023

Hazelnuts: quality and lira shock suppliers

ORDU. Speculations over the new hazelnut crop have been circulating in Turkey for weeks. With a clearer picture emerging now more optimistic voices have to admit that there are issues with quality and kernel sizes. Thursday’s hike in the key interest rate has also taken suppliers by surprise.
Nuts
Aug 22, 2023

Pecans: small crop with good quality

ATLANTA. US pecan stocks are the lowest they have been in almost a decade, and a small crop is expected this year. The quality of the nuts, however, is said to be particularly high.
Nuts
Aug 21, 2023

Peanuts: traders are unsettled

NEW DELHI. Prices on the Indian peanut market have again fallen slightly. Traders are now uncertain about further developments and whether it is wise to stock up on goods at this point; opinions are divided here.
Nuts
Aug 21, 2023

Cashews: Cambodia wants its share of the cake

NEW DELHI/PHNOM PENH. Cambodia has ambitious plans of transforming its cashew industry into a leading processor and exporter. Waters are, however, rough and current targets may be too ambitious.
Nuts
Aug 16, 2023

Hazelnuts: market turns in unexpected direction

ORDU. Apparently the TMO’s bids over TRY 82.5/kg and TRY 84.00/kg for inshell hazelnuts has taken many suppliers by surprise. Yet, this only partly explains the sharp price corrections that have taken place in recent days. Ferrero’s actions will also prove decisive.
Nuts
Aug 15, 2023

Almonds: tricky demand situation

SACRAMENTO/MADRID. Although July ended strong for US exports and harvesting has started in some parts of California, the industry is cautious about demand in 2023/2024.
Nuts
Aug 15, 2023

Walnuts: US keen to fill gaps left by Chile

FOLSOM/SANTIAGO. While the season has been fraught with difficulties for US suppliers, exports have certainly picked up in Chile.
Nuts
Aug 14, 2023

Peanuts: high aflatoxin values in Brazil

NEW DELHI/BRASÍLIA. Brazil's new peanut crop is highly promising. Yet, high aflatoxin and pesticide values are rendering shipments to the EU problematic. China, the most important buyer for peanuts in Sudan, will have to rethink its supply chain as the civil war wages on.
Nuts
Aug 10, 2023

Hazelnuts: exasperating manipulation month

ORDU. Luckily it emerged that the TMO turned a deaf ear on calls to issue an irrationally high price of TRY 100/kg for hazelnuts after president Recep Tayyip Erdoğan announced the bids himself on Monday. Yet, some rumours are still circulating, and Ferrero is giving rise to concerns.
Nuts
Aug 9, 2023

Cashews: export target takes new hit

HANOI. Vinacas, the Vietnam Cashew Associtaion, has called for a further reduction of the export target. Trouble is that the initial target of USD 3.8 billion is way out of reach.
Nuts
Aug 9, 2023

Pistachios: exports up on domestic consumption

SACRAMENTO. Prospects for pistachios are good in California this year, despite floods devastating some plantations. Exports are also up on last year.
Nuts
Aug 8, 2023

Almonds: less than comfortable pole position for California

MADRID/SACRAMENTO. California and Spain will be off to a comfortable start in the new almond season, but harvest delays and odd weather conditions may change the picture. Global production is set to rise by a mere 4%.