Analysis

Excess Supply of Almonds Have Cut Prices in the US

Almond Kernel
United States
Published Jul 15, 2021
Almond production is increasing every year. Abundant harvests over the past two years have reduced the market prices. Almond value in the US market were very much lower as they entered November with 3.62 USD until the end of June. The lowest export price also occurred in 2021 among other years, peaking at 2.03 USD in February, but unable to match the value in the same period of 2.81 USD. The overall volume supplied by the US to major buyers has also increase in recent months. The US is seen exporting more to India, Spain, Germany and the UAE in April 2021.
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