Nuts & Dried Fruit
Peanuts, Almonds, Hazelnuts & Cashew nuts
The Argentinian peanut MBP (40/50 CIF Rotterdam) was steady m-o-m and y-o-y in December, at
USD 1,560/MT. Trading of the Argentinian crop in Europe was limited in December. Production area
for the upcoming Argentine crop, due for harvest between April and June 2022, has been estimated
by the Argentine Peanut Chamber at 395,000 tonnes, a decline of 4% y-o-y.
The US almond MBP rose marginally by 1% m-o-m in December to USD 2.0/lb and 6% higher
compared to the same time last year. The November almond shipments from California, US,
totalled 221m lb, down 16% y-o-y but higher than the initial expectations. The snowpack in the Sierras
was 160% of normal at the end of December, with plenty of rainfall during the month also easing
concerns over the drought situation.
The Turkish hazelnut MBP (11/13 CFR EU) fell by 3% m-o-m and 14% y-o-y in December, to USD
586/100kg. Similar to November, prices in USD-denominated markets continued to be pressured by
the weakening lira. The currency slid to an all-time low on 20th December, to 18.18 against the dollar,
falling steeply throughout the month, from 13.3 on 1st December.
The Vietnamese cashew MBP fell by 5% m-o-m and 6% y-o-y in December, to USD 2.92/lb. Trading
was quiet ahead of the festive season, with buyers sufficiently covered heading into the first quarter
of 2022. Trading activity is expected to quicken from January onwards.
1,000
1,100
1,200
1,300
1,400
1,500
1,600
1,700
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Peanuts 40/50 (AR) CIF Rdam (MBP) - USD/MT
Sep 20 Dec 20 Mar 21
1S01 - Peanut 40/50 (AR) cif Rdam (MBP)
0
0.5
1
1.5
2
2.5
3
3.5
Dec 19 Mar 20 Jun 20 Sep 21 Dec 21
Almonds standard 5% FAS US (MBP) - USD/lb
Sep 20 Dec 20 Mar 21 Jun 21
NAL1 - Almond std 5% FAS US (MBP)
400
550
500
450
600
750
700
650
800
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Hazelnuts 11/13 (TR) cfr EU (MBP) - USD/100kg
Sep 20 Dec 20 Mar 21
4P01 - Hazelnut 11/13 (TR) cfr EU (MBP)
3.80
3.60
3.40
3.20
3.00
2.80
2.60
2.40
2.20
2.00
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Cashew nuts W320 fob VN (MBP) - USD/lb
Sep 20 Dec 20 Mar 21
1Y11 - Cashew nut W320 fob VN (MBP)
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