– Californian prices have firmed slightly as the new crop may be smaller than the last estimate.
However, along with Spanish new crop, it is still a record production. US Almond imports into China have reduced as part of the reciprocal trade war, which will help offset any perceived Californian deficit.
– It is shaping up to be a short year for Turkish Sultanas. The strengthening of the Lira, reduced crop yield and the increased production of Raisins are all impacting on the price of Sultanas.
– Despite the long, hot summer, Bulgaria had a strong production season. There is a strong likelihood of buyers switching from Chinese to Bulgarian Sunflower, as the pricing differential between the two origins is now around 50%
Mark Setterfield – November 2018
download November 2018 Market report