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.
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.