Almonds: exports take another hit
December 20, 2022 at 3:47 PM ,
Der AUDITOR
Exports down in Spain
Spain exported 87,949 million pounds (39,893 mt) of almonds between August and October, which is nearly 9% down on the same period last year. While shipments to France have only nominally declined, slumps are being reported in shipments to other EU destinations such as Germany, Italy and Belgium and the Netherlands. Shipments to Russia have, by contrast, risen sharply by 36%. At 32 million pounds (14,532 mt) monthly shipments even ranged 20% lower in October than last year.
|
Almond exports, Spain in mt |
|||
|
Destination |
2021/22 |
2022/23 |
Diff. |
|
France |
9,646 |
9,570 |
-0.8% |
|
Germany |
10,891 |
8,698 |
-20.1% |
|
Italy |
8,048 |
6,918 |
-14.0% |
|
Portugal |
1,728 |
1,757 |
1.7% |
|
UK |
1,593 |
1,550 |
-2.7% |
|
Poland |
1,241 |
1,343 |
8.3% |
|
Belgium |
1,860 |
1,197 |
-35.6% |
|
Netherlands |
1,332 |
897 |
-32.7% |
|
Switzerland |
665 |
717 |
7.7% |
|
Russia |
465 |
634 |
36.2% |
|
Others |
6,225 |
6,612 |
6.2% |
|
Total |
43,695 |
39,893 |
-8.7% |
|
Ministry of Industry, Tourism and Trade, |
|||
US shipments take another hit
Crop receipts only reached 2.151 billion pounds (975,310 mt) on 30 November as California Almonds report. Although this is 7% down on last year, the figure is still on track to meeting the forecast 2.60 billion pounds (1.18 million mt). California Almonds also indicates that total supplies presently range 2.44% higher than last year at 2.94 billion pounds (1.33 million mt), which is mainly attributed to the high carry-in supplies.
Although exports exceeded expectations in November, they still ranged 9% lower than last year at 142.697 million pounds (64,726 mt). Domestic shipments also declined by 5% to 61,598 million pounds (27,941 mt) in November and total shipment by 8% to 204,296 million pounds (92,667 mt). Total exports for the season reached 835.590 million pounds (379,018 mt), which is 4% down on last year. Not only did domestic shipments decline by 6% to 244.356 million pounds (110,838 mt) but overseas shipments also declined by 3% to 591234 million pounds (268,179 mt). Although shipments to India ranged 17% lower, the country maintained its position as leading export destination for US almonds, followed by China and Hong Kong, Spain and the United Arab Emirates. While demand is clearly up in Spain, the United Arab Emirates and Turkey as well as in the Netherlands, this failed to compensate for the declines in Asia. Grand total shipments range 4% lower than last year at 835.590 million pounds (379,018 mt).
|
US almond shipments in 1,000 lbs |
|||
|
Destination |
2021/22 |
2022/23 |
Diff. |
|
USA |
260,879 |
244,356 |
-6.3% |
|
India |
146,891 |
121,787 |
-17.1% |
|
China/Hong Kong |
81,155 |
62,200 |
-23.4% |
|
Spain |
51,609 |
59,693 |
15.7% |
|
UAE |
41,006 |
50,191 |
22.4% |
|
Germany |
34,475 |
34,251 |
-0.7% |
|
Turkey |
19,645 |
24,215 |
23.3% |
|
Netherlands |
26,633 |
22,281 |
19.5% |
|
Japan |
25,591 |
20,898 |
-18.4% |
|
Italy |
22,758 |
20,333 |
-10.7% |
|
Others |
162,339 |
175,385 |
8.0% |
|
Total |
872,981 |
835,590 |
-4.3% |
|
California almonds, 01/08-30/11 |
|||
Prices slip in Europe
Although prices are already relatively low, they have slipped further in Europe. US almonds are trading particularly low and the spot market prices for blanched California SSR almonds size 23/25 have hit USD 5.73/kg (EUR 5.40/kg).
|
Almonds |
||
|
Type |
EUR/kg |
USD/kg |
|
Valencia, 12/14 mm, natural, Spain |
4.35 |
4.62 |
|
Valencia, +14 mm, natural, Spain |
4.70 |
4.99 |
|
California, SSR, 23/25, blanched, USA |
5.40 |
5.73 |
|
Organic, Valencia, 12/14 mm, natural, Spain |
7.20 |
7.46 |
|
Organic, Valencia, +14 mm, natural, Spain |
7.45 |
7.91 |
|
FCA Spain |
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View more
- price chart, almonds, natural, +14, Valencia
- price chart, almonds, natural 13/14, Largueta
- price chart, almonds, blanched, 27/30, California SSR
- more price charts
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