Monthly Archives November 2015

South African Dried Fruit Crop Forecast…

Vine Fruit:

 The crop in Upington is progressing very well and another good crop is forecasted.025

Initial indications are that the crop could be around 55 000 tons vs the 60 000 tons produced last year. The harvest time may be earlier than last year, but the weather going forward will be the determining factor.

 

 

Tree Fruit:

The apricot crop will be smaller than previous year , but volumes of peaches and pears will be similar than this year. The mango production area has been affected by hail and 15% of the fresh crop has been damaged. We will see over the next weeks if it will have an impact on the mango being driedapricots as some product destined for the fresh market, may be dried.

date:  Nov 23, 2015 comments:  Comments Off on South African Dried Fruit Crop Forecast…
by:  Simon Heather category:  Latest News Read More

Pecan market Update…

We are at the beginning fringes of new crop and the field prices have still not dropped. The heavy rains in the Southeast are slowing the receipt of the crop which is forcing the shellers there to buy out of Mexico for near term supply. The shellers in the Southwest are trying to keep their buying to a minimum right now so as to weaken the field prices. This has not worked. So, between the weather and the holiday season buying  the market price has been supported at the prevailing levels.060

We are all keenly aware that the market on almonds and walnuts have had deep corrections. But, the forces that have undermined those two crops have had no bearing on pecans at this point.

*China buying has been steady. Pecans were not a heavily speculated item by the Chinese so the overall slow down in their economy has had a negligible impact on pecans so far.

*The crises in India and Dubai have had no impact on pecans as very little product  sells in these markets.

*The European and USA domestic markets are actively buying

The true direction of this market is dependent upon the crop receipts which will only be known by late Jan/Feb. I believe that this market will hold up until then. I would be more guarded going into late first quarter which is when we will know more when the holiday demand subsides and the crop size is determined.

date:  Nov 19, 2015 comments:  Comments Off on Pecan market Update…
by:  Simon Heather category:  Latest News Read More

Almonds October Shipment Report

During the last weeks we have seen the market dropping off. almond1

Now we understand the reason of this prices decrease as the shipments figures corresponding to last month of Oct 2015 have gone down around 20% for the export market and 5% for the domestic market.

162 million vs 204 last year.

Full report here >> Almond Shipment Figures – October 2015 <<

date:  Nov 12, 2015 comments:  Comments Off on Almonds October Shipment Report
by:  Simon Heather category:  Latest News Read More