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Portugal Nuts' 2026 campaign report forecasts national almond production up 39% to 114,900 tonnes in shell, and a record 13,000 tonnes of walnuts. Nut exports reached a new high in 2025 of over €156 million, with shelled almonds at 65% of almond export value.
A larger Portuguese almond and walnut crop adds to European nut supply and adds competition for buyers of EU-origin nuts. The effect on feed commodity prices is negligible.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.