ORDU. In Turkey, the local elections will be held very soon, and the risk of frost is far from over. Nevertheless, the optimistic production estimates have had quite an impact on the market.
NEW DELHI/BRASÍLIA. After heavy rains delayed the harvest in Brazil, work has now resumed. Meanwhile, India is witnessing curious price developments and market sentiments in Argentina have become more optimistic. Exports to Germany are thriving.
SACRAMENTO. In the recently issued position report, the Almond Board of California estimates 2018/19 production at around 1.026 million mt.
CANBERRA. The harvest has started in Australia and the potential is there to achieve a new production record.
SACRAMENTO/BUDAPEST. According to the figures presented by the California Walnut Board, this season should produce the second largest crop. The USDA, however, still expects a record crop.
MADRID/SACRAMENTO. While the flowering period is now largely over in California concerns over potential frost damages are afloat in Spain.
YAMOUSSOUKRO/NEW DELHI. The farmgate prices in the Côte D’Ivoire have been lowered this year to bring them into line with the world market prices. Meanwhile, the prices in India are rising again.
ORDU. With supplies running low and tensions being felt speculations are running wild in Turkey. Buyers in Europe have adopted a more cautious strategy than their colleagues in Turkey.
MADRID/SACRAMENTO. Grains are no longer profitable enough for the farmers in Spain. More almonds are to be produced instead.
NEW DELHI. Although the new crop has already arrived in India, the market situation is hardly improving. Market observers expect production to decline by around 30%.