Atypical week in the almond sector due to the current situation that has caused distortions in the markets and auctions.
In Mercamurcia, which was the only table that collected prices this week, there was a predominance of decreases, although smaller than in previous weeks, of between 1 and 3 cents in all varieties of almonds, except in the Ecological which went up again, with prices ranging from 5.17 euros in the Commune to 9.10 euros per kilo of Ecological. With this new rise, it is now at its highest level in the last four years.
On the other hand, the price table for almonds from the Albacete fish market has not met this week. While in the rest of the markets with tables of nuts as Reus, Tortosa and Ebro, no prices were set.
American almond shipments reach a new record
On the other hand, as every month, the Almond Board of California (ABC) publishes a position paper, which contains the most recent statistics on the almond trade in California’s Central Valley, where 80% of the world’s almond supply comes from.
According to the latest report with data from February, shipments reached 201.78 million pounds compared to 186.94 million pounds in the previous campaign, representing an increase of 7.94%, reaching a new record.
The ABC report shows robust shipments in most markets. India is enjoying increased consumption, and this is expected to continue. This market will continue to grow as almond trade expands outside the Delhi market to other regions of the country.
Shipments to China and Hong Kong continue to be affected by tariff problems and now by the coronavirus. However, it is anticipated that in the fall we will see a repeat of last year’s demand for supplies in the run-up to the Chinese New Year.
The Middle East markets are showing gains with Turkey and the United Arab Emirates leading the way. The European Union also continues to show good growth and above average increases for this area. Japan also shows a new increase.
On the other hand, the market has witnessed a weakening of prices since mid-December. But recently, prices have stabilised, generating greater buying interest and short-term demand.
The flowering of the 2020 crop has been excellent in California, with a good overlap, with new crop expectations close to 2.8 billion pounds.
As it could not be otherwise, the coronavirus is proving to be a major challenge for shipping logistics, as ports have been closed and containers and available space on ships has been limited.
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