date:Aug 28, 2020
In the US, nut prices have fallen to multiyear lows as fears over the pandemic and lockdown measures crunch big buyers (airlines, hotels and pubs). Benchmark US almond prices have been hit hardest, plunging about 40 percent this year to levels not seen in a decade, while walnuts are down 18 percent and cashews have lost 10 percent, according to commodity data company Mintec.
During the initial stage of lockdowns, hoarding caused higher demand for shelf stable nuts, but the drop in demand for o