Expana proposes to change the monthly and weekly assessment schedule for some of its Nut EBP
January 8, 2025
Expana proposes to change the assessment schedule for some of its US-based Nut Expana Benchmark Prices (EBP) from Friday, March 28th, 2025, onwards. The proposal is suggested to align assessments with the time-zones they operate in. This would impact assessment times as well as assessment days. Expana is collecting feedback on this proposal until Friday, February 14th, 2025.
The proposed changes would see:
- The weekly US Almond, Pecan, Walnut, Macadamia, and Pine Nut EBP assessed on Thursday every week at 16:00 US Eastern Time, from currently 16:00 UK time.
- The weekly Almond Product, Hazelnut Product, Peanut, and Pumpkin Seed EBP assessed on Friday every week at 16:00 US Eastern Time, from currently 16:00 UK time.
- The monthly US Nut EBP containing assessments for US-origin Pistachios, Pecans, and Walnuts, assessed on the last business day of every month at 16:00 US Eastern Time, from currently 16:00 UK time.
The proposed changes would bring the assessment schedules in line with the region they are assessed in. Full details of our methodology, including the public holidays observed in the Americas, can be found in the Expana Assessment Methodology Guide available here.
A full list of the affected weekly Almond, Pecan, Walnut, Macadamia, and Pine Nut EBP is as follows:
|
Assessment Name/Code |
Code |
Description |
|
Pecan Pieces [US/MX origin] CFR UK (EBP) |
5U10 |
Pecan kernels; Medium pieces; Passed through 5/16” sieve over 4/16” sieve; Origin: US/Mexico; Expana Benchmark Prices (EBP) |
|
Pecan Halves [US origin] CFR Europe (EBP) |
NPC0 |
Pecan kernels; Junior mammoth halves; 251-300/lb; Fancy grade; Origin: US/Mexico; Expana Benchmark Prices (EBP) |
|
Walnut Light Amber Pieces DDP UK [Eastern European origin] (EBP) |
5U12 |
Walnut kernels; Pieces; Equal to or larger than 7mm; Light amber; Origin: Eastern Europe; Expana Benchmark Prices (EBP) |
|
Walnut NC LHP 20% (US) CFR UK (EBP) |
5U30 |
Walnut kernels; Pieces; Equal to or larger than 7mm; Light amber; Origin: Eastern Europe; Expana Benchmark Prices (EBP) |
|
Macadamia Style 1 CFR Northwest Europe [South African origin] (EBP) |
NS12 |
Macadamia kernels; Style 1; Premium wholes; Min. 95% whole kernels; Kernels 16-20mm in size; Origin: South Africa; Expana Benchmark Prices (EBP) |
|
Macadamia Style 2 CFR Northwest Europe [South African origin] (EBP) |
NS13 |
Macadamia kernels; Style 2; Premium wholes and halves; Min. 50% wholes; 13-16mm in size; Origin: South Africa; Expana Benchmark Prices (EBP) |
|
Macadamia Style 4 CFR Northwest Europe [South African origin] (EBP) |
NS15 |
Macadamia kernels; Style 4; Premium halves; Min. 50% halves; 10-13mm in size, Origin: South Africa; Expana Benchmark Prices (EBP) |
|
Pine Nut Siberica 950 count DDP UK (EBP) |
5U22 |
Pine Nut kernels; Siberica variety; 950 kernels per 100 grams; Expana Benchmark Prices (EBP) |
|
Almond Nonpareil Supreme 23/25 FAS US (EBP) |
RU23 |
Almond kernels; Nonpareil variety; 23/25 kernels per ounce; Supreme (U.S. No.1) grade; Max. tolerances: 5% dissimilar, 15% doubles, 10% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 5% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Nonpareil Extra 23/25 FAS US (EBP) |
NP01 |
Almond kernels; Nonpareil variety; 23/25 kernels per ounce; U.S. Extra No.1 grade; Max. tolerances: 5% dissimilar, 5% doubles, 5% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 4% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Nonpareil Extra 25/27 FAS US (EBP) |
NP02 |
Almond kernels; Nonpareil variety; 25/27 kernels per ounce; U.S. Extra No.1 grade; Max. tolerances: 5% dissimilar, 5% doubles, 5% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 4% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Nonpareil Extra 27/30 FAS US (EBP) |
NP03 |
Almond kernels; Nonpareil variety; 27/30 kernels per ounce; U.S. Extra No.1 grade; Max. tolerances: 5% dissimilar, 5% doubles, 5% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 4% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Nonpariel Inshell FAS US (EBP) |
NPIS |
Almonds; Inshell; Nonpareil variety; 70% crackout on sliding scale; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Carmel Supreme 23/25 FAS US (EBP) |
CRS1 |
Almond kernels; Carmel variety; 23/25 kernels per ounce; Supreme (U.S. No.1) grade; Max. tolerances: 5% dissimilar, 15% doubles, 10% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 5% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Carmel Supreme 25/27 FAS US (EBP) |
CRS2 |
Almond kernels; Carmel type 25/27 count per ounce; Supreme (U.S. No.1) grade; Max. tolerances: 5% dissimilar, 15% doubles, 10% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 5% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Carmel Supreme 27/30 FAS US (EBP) |
RU24 |
Almond kernels; Carmel variety; 27/30 kernels per ounce; Supreme (U.S. No.1) grade; Max. tolerances: 5% dissimilar, 15% doubles, 10% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 5% other defects, 1.5% serious defects; Expana Benchmark Prices (EBP) |
|
Almond California Select Sheller Run 27/30 FAS US (EBP) |
RU25 |
Almond kernels; California classification; 27/30 kernels per ounce; Select sheller run grade; Max. tolerances: 5% dissimilar, 15% doubles, 20% chip & scratch, 0.1% foreign material, 0.1% particles & dust, 5% split & broken, 3% other defects, 2% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Standard 5% FAS US (EBP) |
NAL1 |
Almond kernels; Blanchable varieties; Unsized; Max. tolerances: 5% dissimilar, 25% doubles, 35% chip & scratch, 0.2% foreign material, 0.1% particles & dust, 15% split & broken, 3% other defects, 5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond CR sup 25/27 CFR UK (EBP) |
5U01 |
Almond kernels; Carmel variety; 25/27 kernels per ounce; Supreme (U.S. No.1) grade; Max. tolerances: 5% dissimilar, 15% doubles, 10% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 5% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Nonpareil Supreme 23/25 CIF Europe [US origin] (EBP) |
NAL0 |
Almond kernels; Nonpareil variety; 23/25 kernels per ounce; Supreme grade; Max. tolerances: 5% dissimilar, 15% doubles, 10% chip & scratch, 0.05% foreign material, 0.1% particles & dust, 1% split & broken, 5% other defects, 1.5% serious defects; Origin: United States; Expana Benchmark Prices (EBP) |
|
Pecan Halves [US/MX origin] CFR UK (EBP) |
5U09 |
Pecan kernels; Junior mammoth halves; 251-300/lb; Fancy grade, Origin US/Mexico; Expana Benchmark Prices (EBP) |
A full list of the affected weekly Almond Products, Hazelnut Products, Peanuts, and Pumpkin Seed EBP is as follows:
|
Assessment Name/Code |
|
Description |
|
Peanut Runner 40/50 CIF Rotterdam [Argentinian origin] (EBP) |
1S01 |
Peanut kernels; Runner variety; 40/50 kernels per ounce; Raw; Origin: Argentina; Expana Benchmark Prices (EBP) |
|
Peanut Runner 40/50 CIF Rotterdam [US origin] (EBP) |
1S06 |
Peanut kernels; Runner variety; 40/50 kernels per ounce; Raw; Origin: United States; Expana Benchmark Prices (EBP) |
|
Peanut Runner 40/50 CIF Rotterdam [Chinese origin] (EBP) |
1S03 |
Peanut kernels; Runner variety; 40/50 kernels per ounce; Raw; Origin: China; Expana Benchmark Prices (EBP) |
|
Peanut Runner 40/50 CIF Rotterdam [Brazilian origin] (EBP) |
1S02 |
Peanut kernels; Runner variety; 40/50 kernels per ounce; Raw; Origin: Brazil; Expana Benchmark Prices (EBP) |
|
Peanut Runner 40/50 CIF Rotterdam Index (EBP) |
1S07 |
Peanut kernels; Runner variety, 40/50 kernels per ounce, Raw; Weighted price from Argentina, US, China and Brazil; Expana Benchmark Prices (EBP) |
|
Peanut Runner 38/42 Blanched CIF Northwest Europe [Argentinian origin] (EBP) |
NPK2 |
Peanut kernels; Runner variety; 38/42 kernels per ounce; Blanched; Origin: Argentina; Expana Benchmark Prices (EBP) |
|
Peanut Runner Jumbo FCA Southeastern United States (EBP) |
PNU1 |
Peanut kernels; Runner variety; Jumbo grade; Raw; Kernels will not pass through screen with 21/64 x 3/4 inch openings; Max. 15 PPB aflatoxin; Other tolerances up to: 1% other types of peanuts, 5% split or broken sound peanuts, 3.5% damaged and minor defects combined, 0.2% foreign material, 9% moisture, 6% sound whole kernels which will pass through aforementioned screen; Expana Benchmark Prices (EBP) |
|
Peanut Runner Medium FCA Southeastern United States (EBP) |
PNU2 |
Peanut kernels; Runner variety; Medium grade; Raw; Kernels which are milled through a screen with 21/64 x 3/4 inch openings and will not pass through a screen with 18/64 x 3/4 inch openings; Max. 15 PPB aflatoxin; Other tolerances up to: 1% other types of peanuts, 5% split or broken sound peanuts, 3.5% damaged and minor defects combined, 0.2% foreign material, 9% moisture, 6% sound whole kernels which will pass through aforementioned screen; Expana Benchmark Prices (EBP) |
|
Peanut Runner Splits FCA Southeastern United States (EBP) |
PNU3 |
Peanut kernels; Runner variety; Split or broken; Raw; Min. 90% splits by weight; Will not pass through a screen with 17/64 inch round openings; Max. 15 PPB aflatoxin; Other tolerances up to – 2% other types of peanuts, 3.5% damaged and minor defects combined, 0.2% foreign material, 9% moisture; Expana Benchmark Prices (EBP) |
|
Peanut Runner No.1 FCA Southeastern United States (EBP) |
PNU4 |
Peanut kernels; Runner variety; No. 1 grade; Raw; Kernels which are milled through a screen with 18/64 x 3/4 inch openings and will not pass through a screen with 16/64 x 3/4 inch openings; Max. 15 PPB aflatoxin; Other tolerances up to – 1% other types of peanuts, 5% split or broken sound peanuts, 3.5% damaged and minor defects combined, 0.2% foreign material, 9% moisture, 6% sound whole kernels which will pass through aforementioned screen; Expana Benchmark Prices (EBP) |
|
Pumpkin Seed GWS Grade A CFR Germany [Chinese origin] (EBP) |
4D10 |
Pumpkin seeds; Grown without shell variety (GWS); Grade A; Origin: China; Expana Benchmark Prices (EBP) |
|
Hazelnut Diced DDP Germany [Turkish Origin] (EBP) |
4D19 |
Hazelnut diced; 2-4mm; Roasted; Origin: Turkey; Expana Benchmark Prices (EBP) |
|
Hazelnut Ground DDP Germany [Turkish Origin] (EBP) |
4D21 |
Hazelnut ground; 0-2mm; Roasted; Origin: Turkey; Expana Benchmark Prices (EBP) |
|
Almond Ground DDP Germany [US Origin] (EBP) |
4D25 |
Almond ground; 0-2mm; Blanched; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Diced DDP Germany [US Origin] (EBP) |
4D23 |
Almond diced; 2-4mm; Blanched; Origin: United States; Expana Benchmark Prices (EBP) |
|
Almond Sliced DDP Germany [US Origin] (EBP) |
4D24 |
Almond sliced; 0.9-1.1mm; Blanched; Origin: United States; Expana Benchmark Prices (EBP) |
A full list of the affected monthly US Pistachio, Walnut, and Pecan EBP is as follows:
|
Assessment Name/Code |
|
Description |
|
Pistachio Inshell U.S. Extra No.1 18/20 FAS US |
RU11 |
Pistachios inshell; 18/20 kernels per ounce; U.S. Extra No.1 grade; Max. external (shell) tolerances: 3% total non-Split and not Split on suture of this Max. 2% non-split, 1% adhering hull material, 12% light stained of this Max. 3% dark stained, 1% damage by other means, 16% total external defects, 5% undersized; Max. internal (kernel) tolerances: 6% damage, 4% serious damage of this max 2% insect damage, 8% total internal defects; Max. tolerances for other defects: 2% shell pieces and blanks of this Max. 1% blanks, 0.25% foreign material excluding glass, metal & live insects of which none are permitted, 0.25% particles & dust, 5% loose kernels; Origin: United States; Mintec Benchmark Prices (EBP) |
|
Pistachio Inshell U.S. Extra No.1 21/25 FAS US |
RU12 |
Pistachios inshell; 21/25 kernels per ounce; U.S. Extra No.1 grade; Max. external (shell) tolerances: 3% total non-Split and not Split on suture of this Max. 2% non-split, 1% adhering hull material, 12% light stained of this Max. 3% dark stained, 1% damage by other means, 16% total external defects, 5% undersized; Max. internal (kernel) tolerances: 6% damage, 4% serious damage of this Max. 2% insect damage, 8% total internal defects; Max. tolerances for other defects: 2% shell pieces and blanks of this Max. 1% blanks, 0.25% foreign material excluding glass, metal & live insects of which none are permitted, 0.25% particles & dust, 5% loose kernels; Origin: United States; Mintec Benchmark Prices (EBP) |
|
Walnut NC LHP 20% FAS US |
WAL3 |
Walnut kernels; Non-Chandler Varieties; Light colour; Halves & pieces; Min. 20% half kernels by weight; Origin: United States; Mintec Benchmark Prices (EBP) |
|
Walnut C LHP 20% FAS US |
WAL1 |
Walnut kernels; Chandler Variety; Light colour; Halves & pieces; Min. 20% half kernels by weight; Origin: United States; Mintec Benchmark Prices (EBP) |
|
Walnut C LHP 40% FAS US |
WAL4 |
Walnut kernels; Chandler Variety; Light colour; Halves & pieces; Min. 40% half kernels by weight; Origin: United States; Mintec Benchmark Prices (EBP) |
|
Walnut C LHP 60% FAS US |
WAL5 |
Walnut kernels; Chandler Variety; Light colour; Halves & pieces; Min. 60% half kernels by weight; Origin: United States; Mintec Benchmark Prices (EBP) |
|
Walnut C LH 80% FAS US |
WAL2 |
Walnut kernels; Chandler Variety; Light colour; Halves & pieces; Min. 80% half kernels by weight; Origin: United States; Mintec Benchmark Prices (EBP) |
|
Pecan Medium Pieces FOB US |
PMPUS |
Pecan kernels; Medium pieces; Passed through 5/16” sieve over 4/16” sieve; Mintec Benchmark Prices (EBP) |
|
Pecan Junior Mammoth Halves FOB US |
PJMUS |
Pecan kernels; Junior mammoth halves; 251-300/lb; Fancy grade; Mintec Benchmark Prices (EBP) |
Expana is soliciting feedback on this proposal until Friday, February 14th, 2025, and is proposing for this methodology change to come into effect on Friday, March 28th, 2025, if supported by the industry. Please send any feedback about this proposal to [email protected] by Friday, February 14th, 2025, and clearly state which market note your comments relate to, and if comments are intended for publication by Expana.
Expana will acknowledge receipt of all comments by email.