Month: January 2022

EU customs duty reduction and low prices lift European almond demand

Recent price declines in the global almond market are driving increased buying from European traders, but demand is also being helped by a 1.5% reduction in European Union customs duty on imported U.S. almonds from the start of the New Year. Another factor supporting U.S. almond prices is their current price advantage over Spanish almonds, …

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Almond market eyes possibility of shifting demand patterns

With global almond prices softening recently, explanations of factors driving the decline have focused on supply and California’s deeper unsold position relative to previous years. However, amid logistical bottlenecks stretching freight delivery timelines, recent analysis of the demand side has highlighted potential shifts in purchasing outside seasonal patterns that could indicate support for prices in …

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