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28 02 2019

The Pecan Team Perception

We believe buyers today recognize the market is at a 10-year low and might be inclined to pull the trigger now rather than to wait.
Once the market begins to rise it can get away from you in a hurry, especially this late in the season with so much already sold.

We don’t feel any sheller has an open position.

Most nuts left are in the bigger growers’ hands who tend to wait for a higher market.

So, the question is: will the market stay where it is or go up or down?

Are prices much below usd 5,00/lb (C&F Europ) a legitimate Price bases on lower raw material?

We continue to worry about an eventual rise in raw material.
We feel several major shellers are dramatically under bought and when they begin buying it could increase field pricing.
China to date have been reluctant buyers. With current field prices at very competitive levels their entry would  put additional pressure on remaining  inshell. 
On the other hand, whatever growers (larger growers) who still have their crop in barns on the farm and not in cold storage must decide very soon as to sell or hold as warmer weather is moving in and they must go to the expense to go to public cold storage.

The Pecan Team would like to stay close to your purchasing decisions and make sure you are buying the best nuts at the best price.
Please be aware that we offer the finest Pecan from SRNA Commodities - Sam Pecan
       - In the pecan business for over 40 years
       - Processing only TOP US and Mexican Pecans, weevil free!
       - Very large capacity (70 Million Inshell Lbs)
       - 5 log killing step validated process
       - BRC certified with complete traceability system
       - No Floating Machine, no issue on Micro!
       - Batch processing providing more and a better control, benefits color, taste, moisture.

We’ll be honored to make you a competitive offer.
The Pecan Team
03 05 2018

Almond Market (NL & FR)


Markt draait, prijzen stijgen weer!
Na een korte dip in de markt, als gevolg van een positieve nieuwe oogst, stijgen de prijzen opnieuw tot bijna het niveau dat werd bereikt vlak na de vorstperiode die Californië in februari doormaakte.
Aanvankelijk praatten tweedehands verkopers de in EU-verhandelde prijzen (vooral voor nieuwe oogst) in de markt naar omlaag.
Het gevoel in Californië veranderde echter niet veel, omdat de Californische industrie in het algemeen niet geloofde in een dergelijk hoog niveau voor de nieuwe oogst. Temeer omdat NASS in de tussentijd het “bearing acreage” voor 2018 oogst “maar” op 1.070.000 acres heeft ingeschat.
Californië legt meer de nadruk op de hoge maandelijkse exportcijfers uit huidige oogst en is daardoor niet ingegaan op de goedkopere aanbiedingen van speculanten. Ten slotte verdwenen die speculatieve offertes en men zag opnieuw vraag voor Californische amandelen.
Californische verkopers blijven vasthouden aan hun prijsideeën en zien geen reden om korting te geven op nieuwe oogst-posities.
Gezien de aanhoudende hoge exportcijfers 2017 (YTD + 11,7%) en gezien het feit dat de vraag naar amandelen nog steeds levendig is, zien we niet al te veel kansen voor een zwakkere markt, zij het dat de NASS-subjectieve schatting van 10 mei met een positieve verrassing naar buiten.


Le marché tourne, les prix remontent!
Après un léger repli du marché, en raison d’une nouvelle récolte importante, les prix ont encore augmenté pour atteindre le niveau atteint juste après la période de gel que la Californie a connue en février. Initialement, les vendeurs « en seconde main » sur le marché européen, ont tentés de faire baisser le prix principalement sur des positions de la nouvelle récolte.  
Le sentiment en Californie, cependant, n'a pas beaucoup changé, car l'industrie californienne ne croyait généralement pas à un niveau aussi élevé pour la nouvelle récolte. D'autant plus que NASS a estimé entre-temps la "bearing acreage " pour la récolte 2018 a "seulement" 1 070 000 acres. 
Les vendeurs Californiens mettent plutôt l'accent sur les chiffres exportations qui, pour la récolte actuelle, sont assez élevés et ils n’ont pas fait suite aux demandes des spéculateurs.
Finalement ces offres spéculatives ont disparu et à nouveau la demande pour les amandes californiennes est revenue à des niveaux de prix plus élevés.
Les vendeurs californiens restent ferme sur leur idée de prix et ne voient aucune raison de faire des concessions de prix pour la nouvelle récolte.
Compte tenu des exportations toujours élevées en 2017 (11,7% depuis le début de l'année) et du fait que la demande pour les amandes reste forte, nous ne voyons pas trop d'opportunités pour un marché plus faible, bien que l'estimation subjective du NASS du 10 mai peut venir avec une surprise positive.
Californische verkopers blijven vasthouden aan hun prijsideeën en zien geen reden om korting te geven op nieuwe oogst-posities.
Gezien de aanhoudende hoge exportcijfers 2017 (YTD + 11,7%) en gezien het feit dat de vraag naar amandelen nog steeds levendig is, zien we niet al te veel kansen voor een zwakkere markt, zij het dat de NASS-subjectieve schatting van 10 mei met een positieve verrassing naar buiten.
06 12 2017

North American 2017 Pecan Crop

How much damage hurricane Irma made on the Georgian pecan seems difficult to estimate.
Nevertheless, the US Production is estimated at 274 Million in shell Lbs. This number might be increased somehow if we include the Pecan Production of some smaller states generally producing Native Pecans.
Harvest of pecans will finish mid/end January, and this is another 60 days.
Adverse weather might affect the total quantity, and, in the pecan world, one should never be too optimistic.  
The carry out of 2016 into 2017 is about equal to the past 5-year average carry out/in.
We have reports indicating that the Mexico crop is smaller. The total available this year for USA and Mexico will be very similar to the 2016 crop.

Customers have now started their price negotiations and are evaluating volume and delivery period.
Some suppliers (maybe 1 or 2) have offered kernels from Mexican processors to EU at prices well below the market value. 
Those products always carry a higher risk than the products from US processors due to varying food safety, labor and quality standards; however, this cheaper price has garnered interest. 
We are ready to listen to your inquiries and promise to reply with a competitive offer.
Caplenco/EU-Golden Pecan Team
07 07 2017

2017 California almond estimate

See herewith the 2017 California almond estimate.
The almond estimate was released on July 6, 2017.
The estimate is for a 2017 California almond crop of 2.25 billion lbs.
This is a little lower than some had expected.
For now, we expect little change in the market prices.
We see little reason for the market to go lower.
We expect some buyer who have been waiting for lower prices to come into the market to cover some of their needs

The Caplenco Team

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09 03 2017

Almond Position Report February 2017

Please find herewith  The Almond Position Report which was released on March 9, 2017.
While shipments for February were slightly below last year, we are still well ahead on an annual basis.
Recently secondhand prices have fallen a little, but  packers are slow to lower prices.
The bloom is over and the general feeling is for an average size almond crop.
For now a good range would be 2.0 to 2.15 billion lbs 2017 crop.
We shall see.
Please advise any buying interest.
Caplenco Team.

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01 03 2017

Almond Bloom Spain

A picture from the almonds fields close to the Mediterranean coast.
Today the conditions for the bloom are exceptionnal. But we have at least another six weeks frost risk. This is quite a long period for Spain....
Anyhow it is spectacular, enjoy!
03 03 2016

Statistical Report

general news / pecans / hazelnuts / almonds / pine kernels / macadamias / pistachios / brazil nuts / walnuts / cashews
Find herewith (pdf Download), from the International Nut and Dried Fruit Council, their latest Statistical report. 

Caplenco Team
+32 2 568 00 68

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24 02 2016

Macadamia Market Newsletter

Please find attached the latest Market update (pdf) from Green & Gold Macadamias.

This report is referring to the good 2015 crop. European buyers behaved cautiously due to the weak €uro. In April '15 China supply chain was disrupted as importers are trying to avoid the import duties.
2016 season starts with a very little world carryover.
2016 Crop expectation very similar to 2015: 
   - Worst drought for Southern Africa. Approx. 10 % Drop
   - Drought also affecting emerging macadamia origins
   - Low rainfall in Australia.

Current Market outlook:
   - Tight supply
   - Demand from China might result in serious volatility of the prices
   - Strong increase of macadamia nuts as an ingredient
   - Prices remain firm at similar levels as those of 2015
   - Recommand buyers to cover their future needs, as supply will be tight.

New crop shipments will start in May/June 2016

Kind regards,


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Product links and information

Borges is fruit of the Mediterranean values. Values that today it spreads throughout the world, with natural quality products, healthy and tasty, so that all people can benefit from the standards of quality and qualities of the Mediterranean culture, life and diet
Progida was founded in Istanbul in 1988.Today one of the leading manufacturers and suppliers of natural and semi-finished hazelnut kernels and operate a modern factory in Giresun / Turkey.
The CERNO GROUP is organised around it Walnuts Growers Cooperative COOP CERNO and it commercial subsidiary CERNO.
For 30 years, COOP CERNO has been federating some 500 Producers and promotes the Walnut Activity.
In 1925 August Wilhelm Kruse und Friedrich Karl Eduard Heß founded Kruse, Heß & Co., based in Hamburg.
Today Kruse, Hess & Co. GmbH & Co. imports a wide range of seeds and dried fruit.
Green & Gold aims to expand distribution of Macadamias through a cost-effective and comprehensive marketing and sales network that spares all major and emerging markets.
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BELGAFOOD rassemble les membres de Comeos spécialisés dans l’importation de produits alimentaires: il s'agit d'agents, importateurs et commissionnaires. C’est aussi une chambre d’avis.
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