Groundnuts & Tree Nuts
Mintec Benchmark Prices provide transparency for a broad range of nuts including almonds, peanuts, cashews and hazelnuts, from a wide variety of origins.
Globally, peanuts are the fifth largest oilseed crop and are the most widely grown “nut” with an global production of 46 million metric tons. Despite the sheer size of the crop the peanut market remains very opaque with limited sources of independent reliable pricing information.
Tree nuts are a key food ingredient and source of protein, consumed both in raw and processed forms, and are utilized widely across the food and beverage industry. The tree nut market as a whole is worth around $36 billion with a production volume north of 4.5 million metric tons.
Within this, almonds are the largest crop with a production of around 1.4 million metric tons worth over $9 billion, an increase in value of 125% over the past decade.
Mintec is seeking to bring transparency and unrivalled intelligence to the nut markets through its 35 years of experience in the food pricing industry and highly qualified staff to close this gap in the market. To ensure the maximum granularity, Mintec provides proprietary pricing for peanuts and treenuts from a variety of different producing and consuming regions. These prices provide suppliers and buyers the maximum control over their costs.
Mintec Benchmark Prices are a range of proprietary price series collected by our Pricing Team, using our robust methodology and are exclusive to Mintec. These price series provide an additional level of granularity and specificity for different product types and grades, enabling users to understand material cost more accurately.
Mintec has a created a transparent and published methodology that ensures our data points are always accurate. To support this, we encourage involvement or comment from market participants on the market state or any Mintec Benchmark Prices published at any time.
Mintec covers a wide range of nuts including the widely produced commercial crops and wild harvested crops such as Brazil nuts. Further information, including a list of price series, can be accessed below.
Production of peanuts is well distributed across the globe. The largest producers are China and India which account for c.39% and c.14% of global production respectively.
Almonds are the largest nut crop with an annual production of around 1.4 million metric tons worth over $9 billion, an increase in value of 125% over the past decade.
Cashews production is mainly located in Asia and Africa. While Vietnam acts as a processing hub importing raw cashew nuts from numerous producing countries and exporting shelled cashew kernels.
Mintec extensive nut coverage includes pine nuts, pistachio, hazelnuts and many others that are commercially grown and harvested from wild trees.