Turkey: California Almond Prices in Turkey Are Expected to Rise in the Coming Week Due to Supply Shortages (Dec 9)
Turkish almond buyers are dissatisfied with California's Nonpareil almond price which ranged at USD 2.60/lbs CIF Mersin in W49. Turkish buyers are hoping for a price drop, but California almond exporters predict that due to a shortage of nuts, prices will rise to USD 2.80/lbs for CIF Mersin Port. This is because the crop's volume yield for the 2022 season was 13% lower than it was for the previous crop.
Tanzania: Tanzanian Premium Raw Cashew Nut Auction Volume Down 16.82% Wow in W48 (Dec 7)
Tanzanian premium raw cashew nuts recorded a 16.82% WoW drop in auction volume from 11,529.821MT in W47 to 9,590.938MT in W48 of the 2022/23 season. The decrease is due to the season approaching its end and the general expected short production this season as a result of poor weather conditions in the form of a long cold spell.
Tanzania: Tanzanian Raw Cashew Nut Prices Down 0.25% Wow in W48 as Quality Decreases (Dec 7)
Tanzanian raw cashew nuts (RCN) from the premium origins of Tandahimba, Masasi and Newala faced a slight drop in prices in W48 as quality decreased despite short supply towards the end of the season. In W47, RCN from Tandahimba and Newala regions of quality KOR 51 were traded at USD 0.86/kg (TZS 1,995). In W48, RCN from Tandahimba and Newala regions of quality KOR 50 traded slightly lower at USD 0.85/kg (TZS 1,990) while those from Masasi origin traded at USD 0.86/kg (TZS 2K).
Tanzania: Tanzanian Farmers Agreed to Auction off 3,495MT of Cashews at the TANECU Cooperative Union (Dec 9)
Tanzanian farmers agreed to sell 3,495MT of standard-grade raw cashew nuts at the auction conducted on December 9 by TANECU Cooperative Union at Newala District in the Mtwara region. The highest bid price was USD 0.84/kg (TZS 1955), and the lowest bid offer was USD 0.83/kg (TZS 1939).
Tanzania: Tanzanian Farmers Agreed to Auction off 4,900MT of Cashews at the MAMCU Cooperative Union (Dec 9)
Tanzanian farmers agreed to sell 4,900MT of standard-grade raw cashew nuts at the auction conducted on December 9 by MAMCU Cooperative Union at Masasi Town in the Mtwara region. The highest bid price was USD 0.83/kg (TZS 1945), and the lowest bid offer was USD 0.73/kg (TZS 1700). 15 companies participated in bidding for this auction.
Vietnam: Global Cashew Nut Exports at the End of the Year Are Increasing Strongly (Dec 11)
Vietnam's cashew exports in November 2022 reached 80K tons, worth USD 458M, an increase of 80.6% in volume and 72.4% in value compared to October 2022, and compared to November 2021, an increase of 58.1% in volume and 39.1% in value.
Georgia: Production and Export of Georgian Hazelnuts Decreased This Season (Dec 9)
The Executive Director of the Georgian Hazelnut Producers Association reported Hazelnut exports from Georgia have decreased by about 50%. The harvest also dropped by 30%, while export prices decreased by 20%. The 50% decrease in exports was due to the low quality caused by rains and a sharp decline in demand in the European market.
Turkey: Hazelnut Export Loss in Turkey (Dec 5)
The Turkish Exporters Assembly (TIM) reported USD 224.8 M of hazelnuts were exported in November 2022. However, last year's November exports were USD 277.9M. Hazelnut exports decreased by 19.1%. Compared to the 11 months of 2021, exports of hazelnuts decreased by 23% in the 11 months of 2022. Turkey sold 95,878 tons of hazelnuts abroad in the first three months of the 2022/23 hazelnut export season, which started on September 1st and generated a revenue of USD 538.69M.
Turkey: Turkish Hazelnut Price Increases in Ordu in W49 (Dec 7)
Hazelnut prices continue to rise in the free market in Ordu after an investigation was launched by the Competition Authority against a large hazelnut supplier for allegedly violating competition and creating a monopoly. On December 5, W49 hazelnuts were traded at USD 2.75/kg for nuts with a 50% kernel yield in the free market in Ordu, and the price is expected to rise in the coming days. The Turkish Grain Board (TMO) has bought and continues to buy nearly 200K MT of hazelnuts so far. Giresun-quality hazelnuts are traded at USD 2.84/kg and levant quality at USD 2.79/kg. Although TMO buys hazelnuts extensively, traders have not received the nuts. This means that traders in the free market have to bid higher than the TMO price in order to buy hazelnuts.
Argentina: Lower Peanut Production Expected in the Coming Season in Argentina (Dec 7)
After Argentinian peanut farmers experienced a planting delay in September, planting started in October and finished in W48. According to the Argentine Peanut Chamber, there is almost a 15% reduction in planted area. Scattered rains have continued to fall, but much more will be needed going forward, and forecasts are not showing a positive rain outlook. A deep drought has affected the country in recent months and continues to affect crops from the main regions.
Argentina: The Brazilian Market for Cuyo Pistachio Was Opened (Dec 6)
The Argentine government signed a series of agreements with Brazil, which include the entry of pistachios into that market. The Secretary of Agriculture signed two protocols with representatives of the Brazilian agricultural ministry.
China: Turkey Can Start Importing Chinese Walnuts in Larger Quantities Now That the Four-Month Lockdown Is Over (Dec 9)
China has officially announced that the COVID-19 epidemic has ended, which means that the four months of lockdown in Chinese walnut production are over. Until now, Chinese walnut exporters transported goods to their storage and processing facilities illegally. Exporters can now buy larger quantities of produce from growers and transport them to major seaports for export. Turkish walnut importers anticipate that prices will decrease even further now that the supply issue has been resolved.