- Pecans -The U.S. / Mexican Pecan market has seen a sharp increase in pricing since our last report.
- Sultanas– A series of recent overnight frosts across the growing region in Turkey, have brought some serious questions to bear on the prospects for the new crop – harvested from August/September.
- Apricots– A series of overnight frosts in Malatya have struck again, and while this is not expected to be anything like as severe as those of 2014, early reports suggest that potentially 30% + of the developing new crop may have been lost/severely damaged.
Mark Setterfield –May 2015
- Almonds -The bloom has so far gone without any adverse weather to spoil the story, and between now and the start of the harvest in August, we expect the attention to be on the likely impact of the water shortage as well as prevailing demand which will determine pricing going forward.
- Pumpkin Seeds– Pumpkin prices look highly likely to remain tight now for the remainder of the current crop season.
- Sultanas – Turkey is reporting localised recent frosts which have already sparked the rumour mongers amongst the growers in the region. Weather issues against the backdrop of highly volatile currency, will for sure keep prices nervous in the coming weeks and months.
Mark Setterfield –April 2015
- Almonds -For those who were hoping for some correction from what were already ridiculously high prices, the further increases fuelled by the strong USD, have been a disastrous combination.
- Cranberries – Cranberry pricing has been firming since the start of 2015 – both on the effects of the weak currency as well as extremely strong demand from all sectors for cranberries – juice and manufacture and packing.
- Apricots – The next 4 months are crucial while Turkey remains on weather watch up until June, and as a result are reluctant to offer beyond June on shipments.
- Pumpkin Seeds– With international demand also ever-rising, the reduced Chinese supply this season will inevitably be reported to be insufficient to fulfil the remainder of demand over 2015
Mark Setterfield – February 2015
- Almonds – The drought has been alleviated only very slightly by recent rains – but origin argues this is making little impact on the underlying problem.
- Cranberries – Although the crop figures are not in yet for USA and Canada, the total would appear to be around 11.4m barrels (each barrel being 100lbs) which would be a reduction of approx 5% on last year
- Coconut – Coconut prices have never properly recovered from the Philippine typhoon last year and remain historically high. With a switch in demand for edible oils and a weak crude oil price, we could arguably see Coconut pricing ease as we enter into 2015.
Mark Setterfield – December 2014
- Almonds – The monthly shipment report released in October for September shipments, showed a reduction of 8% against September 2013. But even with this highly disappointing new crop of 1.85b lbs it is still the 4th largest Californian almond crop in history
- Hazels – Over the first week or two of October prices from Turkey peaked and since started a path of downward price correction.
Apricots – Forward prices have eased since our last report and to reflect a significant resistance and reduction in global demand for apricots, resulting from the earlier high pricing
- Walnuts – The pricing for walnuts into 2015 does not look optimistic at present
Pumpkin – This market may be heading into increasingly “choppy waters”, for 2015 supply
Mark Setterfield – November 2014
- Almonds – The almond market continues to dominate the headlines and with the new crop estimates falling short of the original estimate of 2.1b lbs and looking nearer 1.85b lbs, we see unprecedented price increases on new crop offers. With the impact of the drought being more severe than first reported prices continue to climb, and buyers remain reluctant to cover yet for 2015
- Hazels – Prices today compared with those just at the start of August, show an increase of about 40% and this has taken Turkish hazelnut pricing to their highest ever levels
- Sultanas – Lower prices offered by ‘Taris’ causes shock amongst growers, coupled with the high levels of undeveloped fruit sets the scene for medium to long term price increases ahead for the Turkish crop.
Mark Setterfield – October 2014