Almonds: A raging price war

June 27, 2017 at 12:54 PM , Der AUDITOR
Play report as audio

SACRAMENTO/MADRID. Spanish almond producers are suffering from the competition from California.

 

The USA plans to harvest about 1 million this year rendering it highly unlikely that the farmers in Spain will be able to keep up in terms of prices, even although an estimated production of 56,500 mt is expected in Spain.

3-year low in Spain

The prices for Spanish almonds are at a 3-year low, much to the farmers’ displeasure. Investors nevertheless expect profits. In Aragón, Spain's second most important growing region after Andalusia, 12,000-16,000 mt are harvested annually, and about 70% are exported. 

Spanish almonds

Type

EUR/kg

Valencia, >14 mm, natural

5.50

Valencia, 12/14 mm, natural

5.25

Marcona, 14/16 mm, natural

9.10

Marcona, 12/14 mm, natural

8.40

EXW Spain

 

California is unbeatable

The USA have so far exported 552,000 mt this season, an increase of 20% compared to the same period last year. In the first quarter of 2017, Germany imported about 18,770 mt of US almonds, only as little as 3,195 mt came from Spain.  

US almond prices

Type

EUR/kg

California, STD, 5%, natural

5.05

Blanched, sliced

5.65

Blanched, diced

5.45

Blanched, slivered

5.55

Almond meal, blanched

5.35

EXW Spain

 

Attached Files

File icon
almonds blanched price chart
File icon
almonds natural price chart

View related articles

Go to the News Overview
Oilseeds
Dec 23, 2024
SEEHEIM/WARSAW. The year 2024 had a lot to offer: new regulations and record prices were the order of the day in many markets, and climatic extremes were noticeable in many areas. Our business partner from the almond market explains how market players have been facing these hurdles and what they expect for the coming year 2025. Read the full interview here.
Nuts
Dec 19, 2024
ORDU. With the new year just around the corner January will provide new impulses for hazelnuts. Speculators are disrupting proceedings.
Nuts
Dec 19, 2024
SACRAMENTO. Excitement is bubbling over as the November position report issued by the Almond Board of California is the best news the industry has had in a while. November shipments have beat October, which has not happened since 2020.
Nuts
Dec 18, 2024
MANILA. Old coconut palms and adverse weather conditions pose challenges for coconut production in the Philippines. A new holistic concept aims to remedy this. Demand remains high.