– The new crop of Turkish apricots appears to be developing well and we should be around a month away from the Malatya region being free from the seasonal risk of frost, even at the higher altitude.
– With the Pound of late struggling to break through 1.45 for any length of time, brazil nut prices, like all the other products imported in USDs, feels high presently.
– In anticipation of demand being shown at the INC (International Nut Congress) in San Diego from May 30th to 1st June, Chinese prices are firmer and dependent on the volume of demand shown over the congress, this momentum might continue or dissipate.
Mark Setterfield – June 2016download May-June 2016 Market report
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– This market remains very firm and only some limited respite of late coming from the weaker USD / stronger Sterling .
– On-going scares that the Bolivian crop is short – and possibly shorter still than earlier reports to the same effect – have resulted in export and replacement pricing increasing by around 10% just in the last month.
– Frosts reported in March do not appear to have a major impact on supply and if anything the Turkish new crop seems to be developing really well.
Mark Setterfield – May 2016