The collapse of world prices for almonds is of serious concern to walnut growers

Raw Walnut

Almond Kernel

World

Published Jul 28, 2020

Tridge summary

EastFruit recently reported expecting a record US almond harvest. Experts are now forecasting a record harvest of these nuts in Spain, which is the world's second largest almond producer. In addition to the leading countries, almond production is actively growing in many other countries. For example, in Georgia, there are producers managing more than 2 thousand hectares of almonds. Almond orchards are being laid even in Ukraine, where conditions for growing these nuts can hardly be called ideal.

Original content

At the same time, the coronavirus crisis, as well as the massive loss of traditional sources of income by the population of the Earth, by no means stimulate the demand for almonds, since this nut does not belong to the category of inexpensive food products. Also, a large part of the nuts was consumed through the HoReKa channel, which practically ceased to exist for several months in 2020. Accordingly, all this has already begun to have a negative impact on world prices. Watch a presentation on the state and development prospects of the world nut market. In particular, TheClipper reports that the Federation of Agricultural Cooperatives of Catalonia (FCAC), Spain, is concerned about a sharp drop in prices in the almond market after the release of the estimated harvest of these nuts in California and good crop forecasts in Catalonia. The almond harvest in the province of Catalonia, according to experts, will grow by 12%, thanks to the introduction of new irrigated plantations and the ...

Source: Eastfruit