Almond Report 15.11.23
October has been another good month for Almonds, with shipments reaching 247 MM lbs and new sales at 250 MM lbs. There has been excellent shipment volume out of India (48% increase), the Middle East (72% increase) and Western Europe (23% increase). Due to a historically low number of shipments in the previous year, India has managed to boost their YTD shipments up 38%.
Year-to-date receipts are trailing by 19% compared to the previous season. October's receipts amount to 709 million pounds, reflecting a 4.6% increase from the same period last year. The positive momentum in sales and shipments, coupled with a modest crop outlook, indicates a strengthening market following the release of this shipment report.