The almond season is facing a production drop of up to 15% and low prices in Spain

Published 2024년 8월 25일

Tridge summary

The almond campaign has been impacted by drought and heat waves, leading to a decrease in production forecasts with some areas experiencing a drop of up to 15%. The initial production estimate has been revised downwards, and the current prices do not cover production costs. The lack of rain is also causing the almonds to develop irregularly and there is uncertainty about the yield. The lack of rain is also leading to higher prices for almond kernels in low-slope dry lands, while the prices at source are lower. The head of nuts at UPA has asked the Food Information and Control Agency to act ex officio due to the prices being below production costs. In the last almond campaign, there was a decrease in total production compared to previous campaigns, while imports have increased in recent years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The drought and heat waves during the summer have reduced production forecasts for the almond campaign, with declines of up to 15% in some dry areas, accompanied by low prices at source that do not cover production costs, according to producers. The campaign has already begun in several parts of the country, especially in dry areas; along the Mediterranean, in Aragon, Catalonia, in the province of Almeria and in Castilla-La Mancha, although it has also begun in recent weeks in other irrigated and intensively cultivated areas. At the beginning of the summer, the agricultural organisations Asaja, COAG, Cooperativas Agro-alimentarias de España and Aeofruse set the estimated production of almond kernels at 122,304 tonnes, which was 8% compared to the harvest of the previous campaign However, they have had to lower these forecasts due to the effects of the drought and the heat waves that the plantations have suffered, as explained to Efeagro by the head of nuts at COAG, Javier Fatás. ...
Source: PEefeagro

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