Market Overview (Edible Nuts, Dried Fruit and Seeds)
- Almonds – Since the largely positive “objective” estimate of 2.1b lbs, the sentiment on almonds has if anything, become increasingly negative. With ongoing concerns over the effects of the drought on this coming crop let alone on the next bloom, the big price drop might not be coming anytime soon. If anything California is more bullish than
- Walnuts – The latest news from India is not encouraging. They estimate this to be the third year running of a short walnut crop and this impending new crop is estimated to be about 70% of “normal” – at around 30-35,000mts inshell
- Sultanas – Domestic demand from Turkey will probably increase, and many buyers still remain uncovered for any of their 2015 requirements , so while the likes of China and Iran might well be at similar pricing, all being well Turkey’s new crop of around 330-350,000mts – plus a min 20,000mt carryover from the 2013 crop, will enable them to dominate supply and set up a strong carry over into the 2015 crop to follow on.
Mark Setterfield – September 2014
- Walnuts Pricing and availability both on walnuts, continue to tighten this side of any possible relief from the various walnut new crops.
- Hazels – Following reports of frost damage at the end of March prices have continued to firm. Recent reports have suggested that the damage may not be as bad as first suggested, but Turkish sellers are still reluctant to offer into new season until the situation can be better assessed from later in June.
- Apricots – The reports from Turkey since the major frost reports end March, have done nothing but fuel speculation that this is genuinely a major problem. If the new crop is as short as 30,000mts then the size of the carry over is key. Some speculate that this could be 40,000mts but a combined total of 70,000mts is still woefully short.
Mark Setterfield – June 2014