Organic Market Update | May 2016

We are currently seeing a rise in prices on Spanish and US Almonds due to a smaller 2016 crop expected in California at 2 billion lbs of less. Next week, we expect to see a larger rise with the increasing Euro and shorter supply. Turkish Hazelnuts have risen in the last month with less seller support leading up to the new harvest. 

Organic Almond Orchards in Spain, 2016.

Organic Almond Orchards in Spain, 2016.

We are still seeing good pricing on Moldovan Walnuts. This is a good time to secure some merchandise prior to the summer months. Prices are firm on Organic Cashews from Ivory Coast, India and Vietnam. We do not expect the market to soften much as most product has been harvested and unusual weather patterns continue to persist in West Africa. 

There is still availability for Organic Apricots, Figs and Mulberries with relatively stable pricing. We are seeing less support for Organic Dates in Tunisia and Pakistan with mostly further processing grades remaining. There are no new crop indications as of yet. 

Organic Chia Seeds are close to selling through due to a small 2015 crop. We expect a normal harvest for 2016 which will bring prices down slightly. Quinoa is seeing low prices currently on 2015 crop with a gradual increase as we move into the smaller new harvest in Peru and Bolivia affected by El Niño weather conditions. 

With gratitude, 

Tristan Hollingsworth