– 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
See archive market reports
– 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
– Fuelled by concerns over the size of the imminent Vietnamese and also the West African new crop, this market is firm.
– The upwards momentum reported earlier this year has increased rapidly over this past 3-4 weeks.
– As previously reported, we continue to experience very tricky market conditions on Pecans – and with no positive end in sight any time soon.
– This market will in the short-medium term, continue to be driven by the Weather and Supply and Demand. After experiencing very warm early spring, there has also been reports of frosts.
Mark Setterfield – April 2016
- Brazils– Prices on brazils have been firming over the past few weeks and clearly made worse by the faltering Sterling/USD cross rate.
- Coconut – Since the start of this year, we have seen prices on coconut firming – primarily on the back of the lower yields starting to show on coconut production in both Indonesia and Philippines.
- PineKernels – Strong demand at the start of 2016, primarily for Chinese New Year has dissipated and hence the short-medium term view continues to suggest some price stability (aside from currency adjustments)
Mark Setterfield – February 2016
- Hazelnuts– The firmer trend on pricing from Turkey continued throughout October and looks likely to continue at least in the short term up to end 2015.
- Pecans – Another storm brewing in the Gulf of Mexico and very heavy rains recently may bring some delays to the forthcoming harvests and some chaos to shipments short term as the weather causes disruption at the ports.
- PineNuts – This market has stayed quiet since our last report, despite the un-contradicted concerns that the new crop will be smaller than this year.
- Almonds – Heavy winter showers and snow are really imperative this year if there is any chance for the 2016 crop development to be improved.
Mark Setterfield – January 2016
- Walnuts– There looks to be some stability and likely strengthening on prices as we head towards year end and early 2016.
- Apricots – Although the recent Turkish Lira weakness has converted to cheaper USD based offers, the apricot market itself in Turkey is firmer.
- Sultanas – As usual, Turkey takes centre stage on this market and while the local market remains firm, the recent weakness in the Turkish Lira has brought some relief on export pricing in USDs.
- Raisins– The local market in Turkey remains very firm with growers continuing to trickle feed their unsold stocks to the packers – and the packers struggling to compete with products offered by cheaper origins.
Mark Setterfield – Dec 2015