Tridge's global market analysts and country representatives take a deep dive into what happened during W2 in the global nut landscape including almond, cashew, and peanut. In summary, in Spain, almond exports slowed down after the December holidays in the first week of 2023, although prices remain stable. On the other hand, in Tanzania, farmers agreed to sell 1,593MT, 1,600MT, and 607MT of standard-grade raw cashew nuts in auctions. Lastly, the National Agricultural Research Organization (NARO) in Uganda is in the final trial stages for a new groundnut variety that is forecasted to be more productive than currently cultivated varieties.

Almond

Spain: Spanish Largueta Almond Price Remained Unchanged While Marcona Almond Declined Slightly in W1, 2023 (Jan 9)

Spanish almond exports slowed down after the December holidays in the first week of 2023, although prices remain stable. Only a small drop can be observed for Marcona almonds in the Reus market. According to the Lonja de Reus in W1, the prices for the Largueta variety are USD 5.38/kg EXW unchanged from the previous week and for the Marcona variety the price stood at USD 7.24/kg EXW, a 0.69% decline WoW from USD 7.29/kg.

Cashew

Tanzania: Tanzanian Farmers Agreed to Auction off 1,593MT of Cashews at the RUNALI Cooperative Union (Jan 9)

Tanzanian farmers agreed to sell 1,593MT of standard-grade raw cashew nuts at the 11th auction conducted on January 8 by the RUNALI cooperative union in the Nachingwea District. The highest bid price was USD 0.76/kg, and the lowest bid offer was USD 0.69/kg.

Tanzania: Tanzanian Farmers Agreed to Auction off 1,600MT of Cashews at the MAMCU Cooperative Union (Jan 9)

Tanzanian farmers agreed to sell 1,600MT of standard-grade raw cashew nuts at the 11th auction conducted by the MAMCU cooperative union at Mtwara District in the Mtwara region. The highest bid price was USD 0.73/kg, and the lowest bid offer was USD 0.72/kg. A total of eight companies participated in this auction at MAMCU Cooperative Union.

Tanzania: Tanzanian Farmers Agreed to Auction off 607MT of Cashews at the TANECU (Jan 9)

Tanzanian farmers agreed to sell 607MT of standard-grade raw cashew nuts at the 12th auction conducted by the Tandahimba and Newala Districts Cooperative Union (TANECU) in Newala. The highest bid price was USD 0.71/kg (Tshs 1,651) and the lowest bid offer was USD 0.71/kg (Tshs 1,650). A total of six companies participated in this auction at TANECU and farmers insisted to continue to control the quality of cashews especially in this rainy season by drying them well before putting them up for auction. High moisture content has been a problem at the latest auctions as reported by buyers.

Peanut

Uganda: Development of New Groundnut Variety in Uganda to Boost Production (Jan 10)

The National Agricultural Research Organization (NARO) in Uganda is in the final trial stages for a new groundnut variety that is expected to be more productive than currently cultivated varieties. The average yield of Ugandan groundnuts is 290kg/acre, which is way below the potential of 1200kg/acre. The development of the new variety will help bridge this production gap. Uganda has a high domestic demand for groundnuts, although a significant volume is exported annually, mainly to the neighboring countries. In the 2020/21 season, Uganda's groundnut exports to Kenya were at USD 897K, to Tanzania at USD 93K, and to South Sudan were USD 89K.

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