Bad Weather Causes Almond Price Change in US, Spain and Iran

Almond Kernel

Iran

United States

Spain

Fardhani Pradipta

Published Oct 18, 2021

The wholesale price of almonds in the US market fell -24.77% YoY to 3.62 USD/KG in W3 October 2021. In contrast, rice prices skyrocketed in Spain by +93.28%YoY to 8.68 USD/KG while prices in Iran jumped +50.88% to 5.31 USD/ KG in the same period. Weather, such as drought in California and snow in Spain affects production. Changes in prices over these countries are a response to changes in production.

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