Almonds: prices for organic almonds have not hit rock bottom yet
July 20, 2020 at 2:34 PM ,
Der AUDITOR
Australian exports shrank by 33%
The prices for Spanish and Californian almonds have settled. Deviations of EUR 0.20-0.30 per kg, depending on the trader, are mainly due to whether a distinction between offers for old and new crop is still made or whether a mixed calculation is used.
Australian almonds, 2019 crop are currently available on the European spot market at around EUR 0.05 per kg cheaper than just a few weeks ago. Since the start of the season on 1 March 2020, 11,091 metric tonnes of almonds (converted into shelled almonds) have been exported from Australia - despite the increase in production, tis is around a third less than last year at this time. The volume of exports to Asia has decreased by 45% to 7,237 metric tonnes, while shipments to Europe have shown minimal growth at 2,110 metric tonnes.
Almonds |
|
Type |
EUR/kg |
Valencia, 12/14 mm, natural, Spain |
4.20 |
Valencia, 12/14 mm, blanched, Spain |
5.00 |
Carmel Supreme, 30/32, natural, USA |
4.15 |
Carmel Supreme, 23/25, natural, USA |
4.20 |
Almonds, diced, USA |
4.65 |
Almond meal, blanched, USA |
4.50 |
Nonpareil Supreme, 23/25, natural, Australia |
4.35 |
Carmel Supreme, 27/30, natural, Australia |
4.05 |
FCA Spain |
No reason for high prices
Export prices for Spanish organic almonds remain at the current level, while shipments from the 2020 crop are set at a good EUR 1.00 per kg cheaper. Considering the collapse in prices for conventional almonds, there should be some downward pressure on organic almonds in the coming months. Currently there is no reason to believe that the organic crop will be as low as it was last year.
Organic almond prices, Spain, in EUR/kg |
||
Type |
2019 crop |
2020 crop |
Valencia, 12/14 mm, natural |
9.60 |
8.60 |
Valencia, 12/14 mm, blanched |
11.20 |
10.30 |
Almonds, diced, blanched |
11.30 |
10.10 |
Almond meal, blanched |
11.05 |
10.00 |
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 SSR- more price charts