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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.
Grains
Jul 28, 2021

Buckwheat: container shortage causes export prices to rise

BEIJING. Due to lucrative alternatives for farmers, buckwheat cultivation in China is declining this year. However, the yield prospects are good. Meanwhile, exports from China to Germany took a positive turn in the current season.
Oilseeds
Jul 28, 2021

Flaxseed: experts reduce estimates for Kazakhstan

NUR-SULTAN. Due to the ongoing drought, experts have significantly reduced their estimates for the new the flaxseed crop. The Kazakh Grain Union (KGU) reckons a significantly lower acreage. Meanwhile, buyers and sellers can hardly agree on a common trade price.
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.
Oilseeds
Jul 28, 2021

Sunflower seeds: bumper crops are possible

SOFIA/KIEV. Quite unlike last year, the prospects for sunflower seeds are still highly encouraging in many producing countries. Market players in Bulgaria are reckoning with lower prices at the turn of the season. China is shipping large volumes into the EU.
Dried Fruit
Jul 27, 2021

Dried apricots: demand for organic goods is rising

MALATYA. Turkish exporters expect the first shipments of the new crop to take place in mid-August. Meanwhile, traders are reporting an increasing interest in organic products.
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.
Dried Fruit
Jul 27, 2021

Dried figs: export prices are increasing

AYDIN. The shortage of goods suitable for export is causing prices to rise. Meanwhile, the focus is already on the new crop.
Dried Fruit
Jul 27, 2021

Sultanas: extreme heat to hit Manisa

MANISA. Temperatures in Turkey are expected to reach up to 40°C in the coming days. The examination of the grape fields in Manisa should enable a better forecast of the crop. Meanwhile, it is reported that due to last week's holidays, sultana exports came to a standstill.
Dried Fruit
Jul 27, 2021

Prunes: long awaited price indications from Chile

SANTIAGO. After market players had to wait in vain for several weeks for prices for Chilean prunes, traders now announced the first price indications - and they are not what everyone expected.
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.
Oilseeds
Jul 26, 2021

Pumpkin seeds: export demand remains absent

BEIJING. In the Chinese pumpkin seed market, the decline in acreage meets exorbitantly high freight rates. Buyers from overseas are correspondingly cautious. Meanwhile, exporters disagree about further price developments.
AUDITOR Issues
Jul 23, 2021

The AUDITOR Issue 28/2021

Download the latest weekly edition of the AUDITOR containing objective market reports, reliable price charts and market prices along with the most up to date market statistics offering all you need to trade successfully.
Dried Fruit
Jul 22, 2021

Dried figs: limbo impacts prices

TEHRAN. While figs are being harvested in Iran’s Gilan and Mazandaran provinces and first local estimates on the new crop are available, the nuclear deal is having an impact on prices in the export market. Problem is that talks over a possible return of the US to the Joint Comprehensive Plan of Action (JCPOA) were suspended in Vienna nearly four weeks ago leaving the deal in limbo.
Dried Fruit
Jul 22, 2021

Raisins: technology is key

TEHRAN. Raisin production has started in Iran’s Kohrasan Razavi province. Harvesting is also underway. According to the local Agricultural Organization there are around 45 facilities for processing grapes and raisins. Traders, however, report that technology is an issue as the raisins processed here frequently fail to meet minimum health requirements in the countries to which they are exported. Excessive heat has also left its traces in the vineyards.
Oilseeds
Jul 22, 2021

Sunflower seeds: heated debates over Russia

SOFIA. In how far Russia will able to hold on to the export duties of 50% is a matter of heated debate at present. Although local reports issued in Ukraine state that production will range lower than anticipated in Russia, a rise is still expected on last year. Imports to the EU have plummeted in the first half of July.
Oilseeds
Jul 22, 2021

Flaxseed: Canada gains market shares on Russia and Kazakhstan

OTTAWA/NUR-SULTAN. Heat and drought persist in Canada. Fortunately, flaxseed is more resistant than other agricultural commodities in dealing with these extreme weather conditions. Recent import data in Germany shows that Canada is gaining in Europe.
Oilseeds
Jul 21, 2021

Pumpkin seeds: suppliers need to be patient

BEIJING. Pumpkin seed suppliers in China need to be patient. Issue is that most customers are on holiday. Prices have, nevertheless, changed.
Spices
Jul 21, 2021

Spice market update: price turnaround in India

GUJARAT. Weekly monitoring with the latest market update from India on cumin, coriander and turmeric, chilli, black pepper and cardamom along with a price list for more than 70 food products.
Oilseeds
Jul 21, 2021

Sesame seeds: sowing 17% down on last year

NEW DELHI. Farmers in India are busy sowing sesame seeds for the kharif crop. Recently issued data by the Directorate of Oilseeds Development in Hyderabad has, however, confirmed concerns. Buyers in Germany have turned to alternative sources as newly issued import data shows.
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.
Dried Fruit
Jul 20, 2021

Dried figs: shortfall in production

AYDIN. The fig harvest is making good progress in Turkey. Growers are very much hoping for higher dried fig prices in 2021/2022. Although prospects are highly encouraging in Turkey, the INC has taken a different view.
Dried Fruit
Jul 20, 2021

Dates: conflicting reports

TEHRAN. While local traders report that drought and extreme heat will have an adverse impact on this year’s date production in Iran, the International Nut and Dried Fruit Council (INC) anticipates a 3.6% rise in the country’s production. Issue is that some provinces are less affected by extreme weather conditions than others. Prospects are, for instance, not bad in Hormozgan province, where harvesting is underway, but quite alarming in Kerman province.
Dried Fruit
Jul 20, 2021

Dried apricots: heat is good for drying

MALATYA/REUS. Producers are highly satisfied with the quality of this year's apricot crop. Turkey's hot weather is providing excellent conditions for drying. All eyes are on the TMO with speculations running wild as to if and in how far the state-run organisation may intervene in the dried apricot market in 2021/2022.
Dried Fruit
Jul 20, 2021

Sultanas: more offers after Eid al-Adha

MANISA/REUS. As most businesses are closed this week for Eid al-Adha (Festival of the Sacrifice) trading is very much subdued in Turkey at present. And yet, the market is gearing up for the new crop. As sultana production is about to start in only a few weeks exporters will certainly start to issue firm offers for the new crop.
Oilseeds
Jul 19, 2021

Blue poppy seeds: encouraging outlook comes with a big but

CHRUDIM. The new season is just around the corner, especially since harvesting of small volumes of some poppy seed varieties has already started in the Czech Republic. The outlook may be highly encouraging at present, but the blue poppy seed harvest will certainly be delayed. This also has an impact on prices.
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.
AUDITOR Issues
Jul 16, 2021

The AUDITOR Issue 27/2021

Download the latest weekly edition of the AUDITOR containing objective market reports, reliable price charts and market prices along with the most up to date market statistics offering all you need to trade successfully.
Spices
Jul 16, 2021

Spice market update: cardamom prices stabilise

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products
Spices
Jul 16, 2021

Saffron: heading towards disaster

TEHRAN. Although exports are up and demand is certainly there, suppliers in Iran are anything but happy with the current developments in the saffron market. Not only have prices hit rock bottom but traders are angry with officials. In failing to consider international developments the market is now placed in a rather difficult position.
Oilseeds
Jul 15, 2021

Flaxseed: drought threatens global crops

NUR-SULTAN/OTTAWA. At present, it is becoming apparent that the flaxseed crop in Canada will suffer a fate similar to that of the growing regions in Kazakhstan and Russia. The persistent drought is a huge problem and the sporadic rainfall cannot counteract.
Spices
Jul 15, 2021

Cumin: simply impossible to compete with India

TEHRAN. Iran’s cumin exports slumped by 86% to as little as 198 mt in March-June as compared with last year. Traders state that it is simply impossible to compete with prices in India. This is, however, not the only reason why exports have slumped.
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.
Oilseeds
Jul 14, 2021

Blue poppy seeds: Hungarian traders could hold back offers

BUDAPEST/CHRUDIM. Hungarian market players expect a crop of good quality this year, but the prospect of a good crop in the Czech Republic and declining prices could reduce exporters' willingness to sell.
Dried Fruit
Jul 14, 2021

Prunes: situation remains tense

SANTIAGO. As the crops in the most important producing countries have turned out to be smaller than hoped, the supply situation in Europe continues to worsen. Some traders are now turning to unusual sources.
Oilseeds
Jul 14, 2021

Sunflower seeds: crop prospects allow for "moderate optimism"

SOFIA/CHISINAU. The US Department of Agriculture has increased its forecast for the global sunflower seed crop in 2021 and market players in Bulgaria and Moldova are also satisfied with current developments.
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.
Dried Fruit
Jul 13, 2021

Sultanas: unstable weather reduces yields

MANISA. Unfavourable weather conditions have caused the vines in Manisa to bear less fruit than expected. Meanwhile, President Erdoğan has declared the week around the Feast of Sacrifice a bank holiday week.
Dried Fruit
Jul 13, 2021

Dried apricots: drying phase about to start

MALATYA. The harvesting phase in the Turkish growing regions has already begun and will soon be replaced by the drying phase. So far, the producers are optimistic, but the upcoming Eid celebrations pose some challenges.
Dried Fruit
Jul 13, 2021

Dried figs: total exports almost at last year's level

AYDIN. Turkish dried fig exports are still going so well that total exports since the beginning of the season should soon exceed last year's value. The growing season for the new crop has also been satisfactory so far.
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.
Spices
Jul 12, 2021

Pepper: global crop estimates 2021

HANOI. The Vietnamese exporters of PTEXIM have published their estimates of global pepper production for 2021 - and they look rather optimistic.
Oilseeds
Jul 12, 2021

Pumpkin seeds: focus is on the 2021 crop

BEIJING. Market players are focusing on this year's pumpkin seed crop in China, while freight costs are holding at a high level and traders are expecting further increases.
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.
AUDITOR Issues
Jul 9, 2021

The AUDITOR Issue 26/2021

Download the latest weekly edition of the AUDITOR containing objective market reports, reliable price charts and market prices along with the most up to date market statistics offering all you need to trade successfully.