Almonds September Position Report released…

Almonds September Position Report released…

posted by: Simon Heather date: Oct 12, 2015 category: Latest News comments: Comments Off on Almonds September Position Report released…

The Almond Board of California has released the September Position report with shipments of  142.9 million pounds compared to last year 163 million pounds for a decrease  of 12.3% percent which was expected.049

YEAR TO DATE SHIPMENTS:    269.1 million pounds compared to last year 304.7 million pounds for a decrease of   11.67% percent.

SHIPMENTS BY REGION:

–         USA                                        +4%

–         India                                       +7%

–         China                                     -35%

–         Germany                              -16%

–         Spain                                      +8%

–         Italy                                        +37%

–         Western Europe                 -7%

–         United Arab Emirates        -64%

COMMITTEMENTS/SALES:  During the month of September the commitments reached 440 million pounds which is an increase of 13.8% over last year.  Sales during the month of September reached 74 million pounds.

CROP RECEIPTS:  922 million pounds compared to   939 million pounds last year for a difference of  -1.86 percent.  It appears the Nonpareil crop will be the smallest crop since 2007.

CURRENCY: The 1 Euro is now equaling 1.126 to the dollar.

HARVEST: The harvest has been fast this year with many varieties all coming in quickly.  The Northern part of California had a better crop in tonnage this year compared to last year while the southern part of the valley had a smaller crop in quantity compared to last year.  Industry experts are calling for a crop of 1.70 to 1.80 billion pounds, while last year’s crop was 1.88 billion pounds.

PRICES: During the past two months prices came down and now during the past 3 weeks we have seen them rise up approximately 25 cents per pound.

OCTOBER SHIPMENTS: The October shipments look to be stronger than once thought. Strong demand during the recent weeks has filled up most of the production capacity for most packers.

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