Free of charge

Almonds: Will prices continue to fall?

November 14, 2016 at 10:19 AM , Der AUDITOR
Play report as audio

SACRAMENTO. A successful season lies ahead of Californian almond suppliers. How do buyers profit from it?

So far, the US almond production 2016 registered about 707,000 mt of almonds, the total crop is estimated at 930,000-975,000 mt. Many cultivation areas show an increase in production of 5-20%.

Exports increase by 45%
106,594 mt of almonds were shipped out in October, which makes an increase of 45% compared to the same time last year (73,935 mt). Combined with the already shipped out quantities, approximately 60% of the marketable merchandise is supposed to be bound in contracts. Among other things, shipments to China are responsible for the good export figures since China has already covered itself in anticipation of the New Year’s festivities at the end of January. India, as well as the Middle East, have proven to be thankful consumers.

How much rain is a blessing?
Prices for US almonds have decreased again since last week in spite of the good export figures. As a rule, the consumer’s buying interest levels off after the Christmas holidays. Aside from the demand, the development of the coming weeks is also strongly dependent on the weather. Traders and farmers had no reason to complain of too little rain, so far. October 2016 had the fourth highest precipitation rate since the beginning of recording. A hike in prices cannot be ruled out, though, should it become drier again.

US almond prices

type

EUR/kg

California, SSR, STD, blanched

6.25

blanched, sliced, 0.7-0.9 mm

6.55

blanched, diced, 2-4 mm

6.30

blanched, slivered

6.40

almond meal, blanched, 0-2 mm

6.15

EXW Spain

Attached Files

File icon
almonds, blanched, diced, 2-4 mm, 10.9-4.6
File icon
almonds, natural, 27-30, Calif. SSR, 10.6-4.5

View related articles

Go to the News Overview
Nuts
Sep 24, 2026
ORDU. With the incredibly large price gap between the TMO and the free market prevailing Turkey’s Ministry of Trade and the Competition Authority have launched on-site investigations. The TMO is experiencing quite a run. Quality is an issue for Ferrero.
Nuts
Sep 23, 2026
VANCOUVER. El Niño may cause the prospects for macadamias to turn sour in 2027. Demand has finally kicked in.
Nuts
Sep 23, 2026
SANTIAGO. For Chile, the USDA has earmarked the production estimate for the next walnut crop with a big question mark. Prospects are also not that encouraging for the next few years.
Nuts
Sep 22, 2026
MANILA. Philippine commodity prices have risen recently, while demand for desiccated coconuts remains stable. Container freight rates to Europe are falling, but within Asia they continue to rise.