The Almond Board of California has released the November Almond Position Report with shipments of +228.46 million pounds compared to last year’s 187.5 million pounds for an increase of +21.8 percent
DOMESTIC: 61.12 million pounds +17%
EXPORT: 167.34 million pounds +23.7%
CHINA +27 mil lbs
INDIA +29.9 mil lbs
S. KOREA +5.7 mil lbs
GERMANY +11.2 mil lbs
SPAIN +14.9 mil lbs
TURKEY +5.7 mil lbs
UAE +6.3 mil lbs
YEAR TO DATE SHIPMENTS: +834 million pounds compared to 794 million pounds for an increase of +4.97%.
CROP YEAR TO DATE Increase/Decrease
CHINA +91.8 mil lbs -8%
INDIA +110 mil lbs +24%
S. KOREA +15.6 mil lbs -2%
GERMANY +42.1 mil lbs +20%
SPAIN +60.1 mil lbs +3%
TURKEY +26.4 mil lbs -1%
UAE +28.7 mil lbs +13%
CROP RECEIPTS: The crop receipts are now at +1.993 billion pounds compared to last year’s 1.930 billion pounds for an increase of +3.27 percent.
NEW SALES in NOVEMBER:- New sales of +211 million pounds were made during November. Another record month for sales in November!
MARKETS: The markets have been expecting these strong shipments for a while now and prices have remained stable to slightly firmer. With this record number for shipments, we may see packers/growers attempt to move up prices by 5-10 cents per pound in the short term. December shipments look to be extremely strong as well which should keep markets firm until mid-January. Some packers are already reporting that they are full for January at this time.
RAIN: California is lacking in rain thus far this season. None is forecasted in the near future. Snow pack is minimal. If this trend continues into early January you will hear more discussions about rain.