Bitter Almond Production Cuts Prices

Following the laws of the market, the output of bitter almonds has been reduced this year, prices have continued to rise, and the market has become clear.

In recent years, the production of bitter almonds has been reduced, and prices have skyrocketed since the birth of new products. They have risen from the production areas first, and then spread to the national herbal medicine market and beverage market. According to market surveys, this year, the market for bitter almonds has become increasingly active, with large cargoes moving faster, and many businesses have gone into deep purchases in large production areas. However, due to the sharp drop in production, it is difficult to find large cargoes, and the prices have been soaring.

The price of apricot kernels in production areas rose from RMB 5.5-5.6 (kg price, the same below) in the previous year to RMB 6.5-6.6; the market price of bitter almonds rose from RMB 14-16 to RMB 30-40, which is an average increase of 110 over the same period of last year. %, the large increase is rare in calendar years. The main reasons for the soaring prices of bitter almonds are:

Damage reduced production. This year, the main producing areas of Shaanxi, Gansu, Ningxia, and Shanxi (accounting for more than 50% of the country's total amount of almonds) suffered serious damage. At the end of March, the bitter almond blossoms suddenly suffered a large area of ​​snowfall, and sparse fruit production in most areas resulted in a reduction in production. About 70%-80%, almost out of production, led to a national output reduction of more than 40%.

Increase in demand. The price surge of bitter almonds is a dual-purpose product for medicinal and food use. It is one of the main raw materials for the production of Chinese medicines and new drugs for cough and asthma, laxatives, and the only raw material for the production of beverage almonds. The market demand for herbal medicines and beverages is increasing every year. About 15%, but bitter almonds this year, production is in short supply, the gap has exceeded 50%.

Increased costs. The general increase in price and labor value in the country led to a significant increase in the cost of bitter almond planting, fertilizer, watering, harvesting, processing, transportation, labor, etc. The production cost per kilogram of bitter almonds increased by 11-12 yuan over the previous year. To 20-21 yuan, an increase of about 1 times.

The market outlook is higher. The reduction in output of bitter almonds was more than in previous years. Inventory was empty and succession was weak. Supply gaps were a foregone conclusion. Market analysts analyzed the market price and said that bitter almonds have changed from the buyer’s market to the seller’s market. With the increase in demand and the intensification of inventories, the contradiction between supply and demand has become increasingly acute. Coupled with the salesman’s offer, the farmers are reluctant to sell, which intensifies supply tensions. After bitter almond market business opportunities, prices will continue to rise. When bitter almonds and green and yellow were not picked up in 2011, it was the day when prices continued to skyrocket and prices would rise to around RMB 40-50.