- Almonds – Despite a near perfect bloom the recent concerns over the likely impact of the drought in California have been fuelled by the first official crop estimate which reports to be 2.5% lower than the current crop figure.
- Apricots – The frosts reported in Matatya at the end of March were far more serious than anyone appreciated, and with a potentially monumental reduction in supply it looks like this market will have a very difficult season ahead.
- Hazels– Severe frosts at the end of March have seen the potential new crop estimates of 750,000mt being downgraded to as low as 350,000mt. With this new figure in mind origin prices can justify trading at some 60% higher than prior to the frosts.
Mark Setterfield – May 2014