Almonds: price trend continues

June 3, 2020 at 11:28 AM , Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. Almond prices remain on track this week. Spot marekt prices for US almonds, however, differ notably from the prices for the new crop.

No price turnaround expected

The encouraging production estimates in Spain and California continue to weigh heavily on the market. Although there are nominal differences in price depending on supplier, the general price trend continues its downward turn.

Spanish Valencia almonds are trading EUR 0.10 per kg lower than last week and US almonds EUR 0.15 per kg lower. Many traders are already offering cheaper longterm contracts for the new crop as of August with prices rangin EUR 0.10-0.50 per kg lower. This is around three months before the arrival of the US crop in Europe. Only above-average US export data for May, which will be issued next week, could give the market a lift. This, however, is a highly improbable event.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.45

Valencia, 12/14 mm, blanched, Spain

5.30

California, SSR, 27/30, natural, USA

4.35

Carmel, SSR, 27/30, natural, USA

4.25

Almonds, diced, USA

4.80

Almond meal, blanched, USA

4.60

FCA Spain

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

Attached Files

File icon
price chart almonds natural California 27-30 SSR
File icon
price chart almonds natural Valencia 12-14 Spain

View related articles

Go to the News Overview
Nuts
Nov 1, 2024
ISTANBUL. As the candy bar Dubai chocolate has gone viral demand is up for pistachios. This has impacted supplies in Turkey.
Nuts
Oct 31, 2024
ORDU. This year’s SIAL was not quite what exporters in Turkey had in mind for hazelnuts. Price negotiations are also extremely difficult.
Nuts
Oct 30, 2024
MANILA/BANGKOK. Drought and pest infestation are causing coconut growers in Thailand a lot of trouble this season. Philippine exporters, however, are pleased with the good export figures.
Nuts
Oct 29, 2024
MADRID/SACRAMENTO. Producers are not quite as optimistic as official government bodies in Spain and California. Exports have started off well for almonds in Spain. US suppliers are urging buyers to act.