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Contents
Nuts & Dried Fruit
Peanuts, Almonds, Hazelnuts & Cashew nuts
36
Peanut prices rose in August, with the Argentinian peanut MBP (40/50 CIF Rotterdam) up 1% m-o-m and 5% y-o-y,
at USD 1,525/MT. Industry sources reported that the US market felt bullish following the release of the Farm
Service Agency Crop Acreage data on 22nd August. The agency pegged US-certified peanut acres at 1.43 million
acres, down 8% y-o-y and 5% below the previous USDA production estimate on 12th August for 2022.
The US almond MBP fell by 8% m-o-m in August and was down 33% y-o-y, at USD 1.59/lb. The market
sentiment continues to be hampered by the large carry-out inventory in California, despite a decline in production.
The USDA objective measurement, released on 8th July, was significantly below market expectations, at 2.60
billion pounds, down 11% y-o-y. Prior to the report, many industry participants expected a figure close to 2.80
billion pounds, with the lower end of estimates closer to 2.70 billion pounds.
The Turkish hazelnut MBP (11/13 CFR EU) moved up slightly in August, by 1% m-o-m but was down 16% y-o-y,
at USD 573/100kg. In August, Turkey's President Erdoğan announced the new season TMO (Turkish Grain
Board) hazelnut purchasing price, at TRY 54/kg, a significant hike on the 2021/22 intervention prices. Despite this,
prices in the export market failed to move significantly higher due to the weak lira.
The Vietnamese cashew nut MBP fell by 2% m-o-m in August, to USD 2.74/lb, and was down by 17% y-o-y. The
trading environment was reportedly quiet during August with very little interest from buyers for prompt shipments,
according to market sources. This was mainly due to large inventory levels in consumer markets.
Peanuts 40/50 (AR) CIF Rdam (MBP) - USD/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
1,000
1,100
1,200
1,300
1,400
1,500
1,600
1S01 - Peanut 40/50 (AR) cif Rdam (MBP)
Almonds standard 5% FAS US (MBP) - USD/lbs
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
0
0.5
1
1.5
2
2.5
3
NAL1 - Almond std 5% FAS US (MBP)
Hazelnuts 11/13 (TR) cfr EU (MBP) - USD/100kg
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
400
450
500
550
600
650
700
750
4P01 - Hazelnut 11/13 (TR) cfr EU (MBP)
Cashew nuts W320 fob VN (MBP) - USD/lbs
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
2.00
2.20
2.40
2.60
2.80
3.00
3.20
3.40
3.60
3.80
1Y11 - Cashew nut W320 fob VN (MBP)