– net shipments for the month of December were slightly lower this year versus December 2017 (199m lbs v 204m lbs).
This demonstrates that there is growing resistance to the higher pricing from Europe (down 18% over September to December). Estimates are that the final crop reports will be very close to last year’s, rather than the bumper crop that was predicted.
– With fears that the total crop may have been less than the 223-230,000mts estimate, a major squeeze is definitely now on. If Turkey consumes its usual 5O,OOOmts domestically, and with new crop unlikely to arrive in the EU And UK before the first half of September, we have 8 months of nervousness ahead
Mark Setterfield – January 2019
download January 2019 Market report
Christmas saw the launch of our
luxurious selection box of Fruit & Nuts, selling nationwide in Curtis Collection at Iceland stores.
The pack includes
Caramelised Salted Almonds,
Milk Chocolate Cinnamon Dusted Almonds
and a delicious mix of luxury fruit & nuts.
Happy New Year from all of us at RM Curtis
– 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
– We have seen Brazil nut prices stabilising in recent weeks. The massive demand for Bazils from South Korea continues at around 30% of Brazil, Bolivia’s and Peru’s combined production, but we are now seeing early signs of a recovery in demand from Western Europe and the US.
– Since our last report, some of Turkey’s exporters have reduced their new crop estimates, with some of the lower numbers now at just 210,000mts. If correct, these figures would indicate an approximate 30% decrease in sultana production.
– The long, hot summer has had a positive effect on the Bulgarian crop. Consequentially, new season opening prices are a little lower than at the end of last season.
Mark Setterfield – October 2018
– The August shipment report was released on 6th September and showed another month from which domestic sales were down by 14.7% and while export sales were up a hefty 24% over last August, YTD shipments were still 10.7% down.
– California is still reporting a larger new crop than last year (50,000mts+) and while this should be bringing some pressure on prices, their problem is that they still cannot agree a workable sales strategy between their growers and processors.
– Strong and growing demand for pinenuts continues, with global buyers seemingly comfortable to pay present prices and, where possible now, to lock in some of their needs into 2019.
Mark Setterfield – September 2018
– A recent report suggests that the new crops in the U.S. and Mexico should both (weather permitting over the imminent hurricane season) be just over 300m lbs each and with an uncommitted 20-25m lbs in cold store and strong carry over, prospects for a bumper supply into 2019 prevail.
– Another very hot Greek summer and heavy rains forecast short term, make it highly likely that new crop will be of a similar size to this last crop and as such, prospects for any major price reductions appear slim.
– It is hard to get exact numbers on Turkish apricots but in broad terms, the 2017-18 crop was somewhere between 130-150,000mts and having produced such a strong production, it is no surprise to report that we hear new crop will be closer to 100,000mts.
Mark Setterfield – August 2018