- Hazels – 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 – Nov 2015
- Sultanas – The weakness in the Turkish Lira has helped offset the massive increases in the local price of Turkish new crop sultanas – without which it is difficult to imagine where Turkish pricing could have ended up so far this new season.
Apricots – Turkey already reports that new crop sales are around 50% higher so far, than for the same initial period last year, so between stronger demand and stronger currency, it is easy to argue for higher pricing potentially into 2016.
Hazels – Pricing is starting to increase again as industry buyers who have been waiting for pricing to come down make their move and cover their Oct-Dec requirements.
Mark Setterfield – October 2015
- Almonds -It is reported that there is a 90%+ chance for there to be substantial rains in the coming months along the west coast of the Americas and as a consequence of the El Nino weather phenomenon. The timing of which could be critical to the almond harvest.
- Sultanas – The main focus for sultanas remains on Turkey and how this season is starting to look to pan out.
- Apricots – Still with no adverse weather reported over this most critical phase of the drying process, we have every faith that the new crop can still achieve 100,000mts or at least, just under.
- Brazils – A combination of demand and weather – as well as the likelihood of a firmer USD in the medium to longer term, would suggest firmer prices on-going.
Mark Setterfield – September 2015
- Almonds -California has seen some cooling of temperatures of late but it has still been a hot summer and this is thought to have brought further stress to the trees already suffering from prolonged drought conditions.
- Sultanas – The situation in Turkey is unclear other than that the new crop is still expected to be way down on this year – even allowing for the quality issues surrounding this season’s crop
- Currants – Another good new crop of currants at over 20,000mts would more than cater for existing levels of Demand, and even allowing for further sales growth into the Far East.
- Hazels – Weather permitting over the next 4-6 weeks along the Black Sea coast and inland, and we should see a far better new crop supply of Turkish hazelnuts to the world.
Mark Setterfield – August 2015
- Almonds -The so-called “Objective” Estimate related to the Californian new crop was released on 1st July at 1.8b lbs (816,475mts).
This is lower than the May “Subjective” figure of 1.85b lbs and lower still than the 1.88b lbs received from the 2014/current crop.
- Sultanas – A series of frosts and then hail storms have been interpreted as confirmation that the total new crop will fall somewhere between 150-200,000mts although the true figure will not be better known until after the harvest.
- Apricots – New crop estimates of 90-100,000mts is not back to normal for Turkish apricots but certainly one giant leap in the right direction.
- Cashews – Demand for 2016 deliveries is wide open so Industry might well start to dip its toes into the 2015 waters and any shorter term increases might be supported additionally, by longer term demand.
Mark Setterfield –Jul 2015
- Almonds -Almond pricing remains extremely firm at present – and still driven by two key factors – Demand and Drought.
- Sultanas – Turkish sultanas are extremely firm presently and following the earlier frosts in April.
- Walnuts – Walnut prices are firming and given the timing in the season, we would expect little respite to this trend before end of 2015.
- Pumpkin – With new crop realistically unavailable in Europe before end 2015, we would expect prices to remain firm for the rest of this year.
- Cashews – Cashew nut pricing has continued to firm since our last report.
Mark Setterfield –June 2015