Walnuts; Most of the urgent needs for product from Eastern Europe seemed to be covered during the last two weeks
Most of the urgent needs for product from Eastern Europe seemed to be covered during the last two weeks, bringing some relief on the side of the – already unhurried – walnut buyers. The price bottom of export product from Eastern Europe might be moved by this event, as exporters can use this relief to push prices for raw material down as well. It remains to be seen whether exporters accomplish to do so, before needs for additional raw material pick up again.
When it comes to organic material, we see a rather stable market, as exporters understand that most of these needs are meant for annual call off bases and buyers will have to make a decision sooner or later. The overall quality of the raw material received so far indicates a rather dark overall colour, indicating a wider availability of amber product and more potential difficulties on deliveries of light material this year. Despite the expectations of lower levels to come, it can be advised to keep a close eye on (extra) light needs, as the search for high quality product won’t become easier.