Almonds: farmers in Spain oppose unjustified prices

June 8, 2020 at 4:06 PM , Der AUDITOR
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MADRID. Farmers in Spain are observing the recent price declines with anger. They reckon that the current prices are unjustifiably cheap.

Prices decline further

Prices have further declined by EUR 0.05-0.10 per kg in Spain this week. Prices range much lower than last year in Spain and in California. Producers are seeing their profit margins melting away and feel that the price cuts are unjustified since consumption has by no means declined. They have, however, so far failed to recognise that not only the present situation is essential to supply and demand but also the way in which the market is expected to develope over the next few months. Record prodcutions in Spain and in the US will most certainly add pressure to the market. DESCALMENDRA (the Spanish Almond Sheller Association) and AEOFRUSE (the Spanish Association of Almond Prodcuer Organisations) estimate that production will range at 115,600 metric tonnes. US production estimates range at 1.23 million metric tonnes (NASS)-1.34 million metric tonnes (TNT). US exports declined in April over March and the figures for May will be issued towards the end of the week.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.40

Valencia, 12/14 mm, blanched, Spain

5.25

California, SSR, 27/30, natural, USA

4.30

Carmel, SSR, 27/30, natural, USA

4.20

Almonds, diced, USA

4.75

Almond meal, blanched, USA

4.55

FCA Spain

Sharp rise in production by 88%

The current price trend is further supported by the Cooperativas Agro-alimentarias Castilla La Mancha, which estimates production in the region at 18,278 metric tonnes. This is a sharp increase of 88.15% over last year. Although prospects were highly encouraging before the Covid-19 pandemic took hold in March, uncertainty has spread in the market and prices have declined over the last few months. Additional pressure was generated by the circumstance that US almonds could not be sold to the same extent in China as anticipated. For the Cooperativas Agroalimentarias bilateral agreements between the EU and China or other countries that are also major consumers of almonds, such as Morocco, are, however, lacking.

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price chart, almonds. natural. 18/20, Valencia
price chart, almonds, natural 27/30, Largueta
price chart, almonds, blanched, 27/30, California SSRmore price charts

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price chart almonds natural Valencia 12-14 Spain

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