Spanish Nut Prices Remain Resilient Amidst Harvest, Suggesting Future Strength

Despite the ongoing harvest, nut prices in Spain, including almonds, pistachios, and walnuts, remain strong and are higher than the previous year. Spain, a major nut importer, sees a continued strength in nut prices due to a global rebalancing of supply and demand, particularly for almonds. The stability of nut prices during the harvest season suggests potential strength in prices post-harvest, particularly for almonds, which are affected by lower production in the U.S. and Spain and growing global demand.