Almonds: record exports in Australia vs slump in USA
February 15, 2022 at 4:02 PM ,
Der AUDITOR
US exports still lagging behind
The US shipped a total of 1.24bn lbs (562,001 mt) of inshell and shelled almonds between August and January, which is 16% down on the 1.48bn lbs (670,441 mt) shipped in the same period in 2020/2021. January shows a diverging trend. While overseas shipments declined by 8.8% to 110.64m lbs (80,382 mt), domestic shipments rose by 13% to 66.57m lbs (30,197 mt) as compared with Jauary 2021. While monthly shipments to India as the most important export destination remained relatively firm at 22.85m lbs (10,363 mt) in January, shipments to Spain declined sharply by 40% to 10.90 lbs (4,945 mt) and to Japan by a more moderate 3% to 8.27m lbs (3,754 mt). In other destinations in Europe monthly shipments to the Netherlands rose by 33% to 6.60m lbs (2,993 mt), whereas shipments to Germany declined by 37% to 6,23m lbs (2,826 mt).
California Almonds further reports that the kernel weight of the crop receipts to date range at 2.83bn lbs, which exceeds the forecasted 2.80bn lbs. Crop receipts, nevertheless, range 6.53% lower than in 2020/2021. As exports still fall short of last year sharp price rises are highly improbable. Market players reckon that this season's carry-over supplies will be high.
|
US almond shipments in 1,000 lbs |
|||
|
Destination |
2020/21 |
2021/22 |
Diff. |
|
USA |
390,480 |
391,754 |
0.3% |
|
India |
242,257 |
193,949 |
-19.9% |
|
China/Hong Kong |
119,521 |
87,309 |
-27.0% |
|
Spain |
112,996 |
77,915 |
-31.0% |
|
United Arab Emirates |
58,980 |
52,325 |
-11.3% |
|
Germany |
63,622 |
48,467 |
-23.8% |
|
Japan |
36,798 |
41,855 |
13.7% |
|
Netherlands |
43,105 |
39,921 |
-7.4% |
|
South Korea |
36,732 |
37,314 |
1.6% |
|
Italy |
48,808 |
36,937 |
-24.4% |
|
Others |
314,770 |
231,253 |
-26.5% |
|
Total |
1,478,069 |
1,238,999 |
-16.2% |
|
California Almonds, shelled and inshell almonds, Aug-Jan |
|||
Australia maintains record
Exports from Australia hit a record in November, which they were able to sustain in December. The country shipped a total of 81,858 mt of almonds overseas between March and December, which is 14% up on the same period in 2020. China (+40% to 2,496 mt), Vietnam (+43% to 991 mt) and Spain (+4,018% to 844 mt) were the three most important export destinations for Australia in December and range among the top five in 2021. Year to date shipments, by contrast, declined sharply to the USA, the Netherlands and Germany. As production prospects are highly encouraging in Australia this should add pressure to the market in the next few months.
|
Almond exports, Australia, in mt |
|||
|
Destination |
2020 |
2021 |
Diff. |
|
China |
25,361 |
34,501 |
36.0% |
|
India |
11,107 |
16,686 |
50.2% |
|
Vietnam |
6,402 |
6,529 |
2.0% |
|
Spain |
2,825 |
4,252 |
50.5% |
|
Germany |
5,098 |
3,057 |
-40.0% |
|
United Arab Emirates |
1,989 |
2,613 |
31.4% |
|
Netherlands |
3,800 |
1,787 |
-53.0% |
|
New Zealand |
2,216 |
1,701 |
-23.2% |
|
Turkey |
1,508 |
1,529 |
1.4% |
|
USA |
3,166 |
601 |
-81.0% |
|
Others |
8,001 |
8,601 |
7.5% |
|
Total |
71,473 |
81,857 |
14.5% |
|
Australian Almonds, inshells and kernels, Mar-Dec |
|||
The pressure is on
Spot market prices differ considerably depending on supplier in Europe, which is also the case in Spain. The prices for Valencia almonds, size 12/14 mm, may range at USD 4.87/kg (EUR 4.30/kg) FCA Spain but offers vary.
|
Almonds |
||
|
Type |
USD/kg |
EUR/kg |
|
Valencia, 12/14 mm, natural |
4.87 |
4.30 |
|
Valencia, +14 mm, natural |
5.04 |
4.45 |
|
Butte/Padre, SSR, 27/30, natural |
5.16 |
4.55 |
|
Butte/Padre, SSR, 27/30, blanched |
5.84 |
5.15 |
|
FCA Spain |
||
View more
- price chart, almonds. natural, +14, Valencia
- price chart, almonds, natural 13/14, Largueta
- price chart, almonds, blanched, 27/30, California SSR
- more price charts
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