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Dried Fruit & Nuts

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Currency uncertainty stifles Turkish hazelnut market

The Turkish lira hit a low of TRY7.2 to the US dollar on Monday morning before rebounding to TRY6.82/USD1.00 later in the afternoon of the same day. These currency fluctuations put the brakes on Turkish hazelnut offers.

Hazelnuts Turkey Demand

Fall in Indian cashew prices will favour exports

India’s local cashew prices have fallen on average to USD3.4 per pound, down from an average of USD5.0-5.2/lb and scarcely 30 cents less than the average export price in July, after a record-high production of 817,000 tonnes and exports of 84,475 tonnes worth USD303.4 million in the 2017/18 season (from April to March).

Cashews India Price
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Dried Fruit

Set Alert for IEG Vu Dried Fruit and Nuts :: Dried Fruit

Tight supply of dried apples

At this time of year, the first new crop offers on dehydrated apple from China should be emerging but an empty marketplace, both in China and in the buying markets, made shippers cautious about opening the new season offers.

Dehydrated Apple Dried Apple

New Chinese sultana and raisin crops to compete with Turkey

China’s sultana crop is being collected and it will be delivered in the market in the next weeks.
Dried Vine Fruit China

Chilean prune stocks could run out soon

This year’s Chilean prune crop was of good quality with nice sized prunes (better calibre) but with limited or no small sizes available compared with last year (particularly 70/80).

Prunes Chile

Unseasonal rain and currency woes mar start to new dried fruit season

The news of the week continues to centre around the collapse in the value of the Turkish lira against the US dollar. This should have a major effect on the selling price of Turkish dried fruits but recent news of heavy rain in the fig and sultana growing areas has helped to firm prices locally.

Figs Dried Vine Fruit

Half Year Outlook 2018: Dried fruit buyers look to new crops to replenish global supplies

Many of the dried fruit categories have endured continued tight supply in the first half of this year but with a spate of new crops coming through now or imminently this should be alleviated soon.

Dried Apricots Dried Vine Fruit

Usual manipulation of opening Turkish dried apricots season

Turkey’s new season for dried apricots has opened in the traditional way with market manipulation taking place, according to Turkish supplier Firmino Organic.

Dried Apricots Turkey
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Nuts

Set Alert for IEG Vu Dried Fruit and Nuts :: Nuts

Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

US expects decline in peanut output

The USDA has forecast 2018 US peanut production at 6.09 billion pounds (3.04 million short tons), down 16% from 2017.

Peanuts United States

Slight fall in Chinese walnut crop

China’s 2018/19 walnut crop is expected to reach 830,000 tonnes, down from 840,000 tonnes in the previous season.

Walnuts China

Latest estimates confirm disappointing Argentine peanut crop

Around 90% of the peanut crop has been harvested in Argentina’s grower provinces of Cordoba, San Luis, La Pampa and Buenos Aires, with in-shell production so-far reaching 842,600 tonnes and shelled peanut production totaling around 536,400 tonnes.

Peanuts Argentina

Tariffs continue to create uncertainty in US almond market

The US has had another very successful season on almond shipments, but the ongoing import tariffs imposed by China remain a cause for concern.

Almonds China

Increase in Sri Lankan raw coconut price despite slack processing

The average price for fresh coconut increased by 8.6% to LKR49.0 per nut (USD0.30/nut) in Colombo’s auction held on August 2, compared with the previous auction on July 26, although most processors were expecting a price decline to fully resume their activity after being partially halted for several months.

Desiccated Coconut Sri Lanka
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Dehydrates

Set Alert for IEG Vu Dried Fruit and Nuts :: Dehydrates

Tight supply of dried apples

At this time of year, the first new crop offers on dehydrated apple from China should be emerging but an empty marketplace, both in China and in the buying markets, made shippers cautious about opening the new season offers.

Dehydrated Apple Dried Apple

Rains raise concerns for banana chip supply

Heavy rains in Manila and Luzon in the Philippines have prompted concerns for the supply of green bananas required by banana chips processors.

Dehydrated Banana Dried Tropical Fruit

Acomo closes H1 2018 with a decline in its net profit

The Dutch trader Amsterdam Commodities N.V. (Acomo), listed on the Euronext Amsterdam stock market, saw its net profit fell by 10.8% to EUR15.5 million (USD18.1 mln) in H1 2018 compared with the same period in the previous year.

Spices & Exotics International

Dried apple prices increasing sharply

There is currently not much stock of apples and prices of dehydrated apple are escalating, according to trader Catz International.

Dehydrated Apple Dried Apple

Philippine banana chip market at risk of volatility

Deliveries of green bananas – the essential raw material for production of banana chips – have been drastically below expectations.

China Philippines

Slack Chinese market drives down Philippine banana chip price

The Philippines’ banana chip price is falling because Chinese importers have slowed down their purchases and the European markets are close to the summer holidays.

Dehydrated Banana Philippines
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