What is the average price of almonds in Australia in 2021?

In the first quarter of 2021, average almond prices in Australia were 4610 USD/MT. In Spain and Italy, the production was down by 15%, close to 124,000 tons as the yields were cut due to frost. The imports were also lower than expected as consumption was low.

Why are Californian almonds so expensive?

Its repercussions can be felt far and wide in the international market. Due to the increased shipping challenges and the labour shortage, California almond prices saw an upward trend. The average price of Californian almonds varies between 5.88 USD/kg and 6.02 USD/kg.

What are the major concerns for almond producers in the US?

The major concerns for almond producers in the US have been drought and insect damage. In the third quarter, the sellers in the US were cautious to sell their supplies due to anticipated droughts in future, which caused price hikes in the region. Almond prices rose from 3340 USD/MT in the first quarter to 4450 USD/MT in the third quarter of 2021.

Why are almond prices rising in China?

In contrast, the almond price trends in China on the lower side as a result of low market sentiments because of the Chinese New Year. However, the buyers are returning to the market but with limited buying capacity. Hence, prices are rising steadily as compared to any sharp increase.