We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
ACCEPT Reject
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
Home Manage Alerts Archive Archive About Us Register Now   Not a User? Join now

Pandemic-Related Trends Depress Nut Prices In Midst Of Bumper Crop

August 25, 2020: 12:00 AM EST
Nut prices have slumped in the past several months the coronavirus pandemic battered air travel, shuttered pubs, and nearly eliminated on-the-go snacking. A food retail consultancy found that cashew prices sank to their lowest level since Mintec's records began in 2011. In India, religious canceled festivities and weddings curbed demand for nuts used in curries.  There was less demand in Europe for almonds, hazelnuts, cashews, and Brazil nuts as fewer workers commuted to offices. Meanwhile, favorable weather led the USDA to forecast another record crop of almonds which, combined with limited demand, depressed almond prices by 41 percent. [Image Credit: © PublicDomainPictures from Pixabay]
Lizzy Burden, "Nut glut sends prices plunging", telegraph.co.uk, August 25, 2020, © Telegraph Media Group Limited
Domains
FOOD BUSINESS NEWS
Market Segments
News
Companies
Market News
Trends
Savory Snacks
Geographies
Worldwide
North America
EMEA
United States of America
Europe
Categories
Business News
Companies, Organizations
Market News
Market News
Products & Brands
Home | Privacy Policy | Terms and Conditions | Contact Us Copyright © 2000-2023 Business360 Inc. All Rights Reserved
Developed by Yuri Ingultsov Software Lab.