Almonds: Spain badly hit by crisis

August 19, 2020 at 1:54 PM , Der AUDITOR
Play report as audio

MADRID/SACRAMENTO. Quarantine measures imposed for travellers returning from Spain and advice against non-essential travel to the country have dealt another heavy blow to Spain’s economy, which also impacts the almond market. Traders in Spain and the US agree that the coronavirus crisis is poses a major challenge for suppliers.

Prices hit multi-year low in Spain

Traders in Spain miss the tourists as their absence has a direct impact on consumption. Almonds are, for instance, frequently served as a popular snack in bars. Since visitors are lacking, however, demand is down, and it is becoming increasingly difficult to sell almonds. Sales are particularly bad in the food and hospitality sector throughout Europe. To make matters worse, the market is gearing up for another record crop the third year running as the INC estimates production at 115,633 mt. This situation has pushed prices down fur

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.