Analysis

US and Spanish Almond Production Drops Causing Prices to Soar

Almond Kernel
Spain
United States
Fardhani Pradipta
Published Dec 10, 2021
The wholesale price of almonds in the US rose +18.29% YoY to 4.28 USD/KG in W4 November 2021. The wholesale price of almonds also increased in Spain which jumped +86.06% YoY to 8.46 USD/KG in W4 November 2021. Severe climate conditions have caused the decline production of almonds in both countries so that tight supply makes almond prices soar.

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