Month: December 2020

Australia Begins to Compete for Inshell Buyers in India

Prices strengthened in the U.S. FAS market during the week ending December 22 as packers raised offers following what they interpreted to be a positive November 2020 position report. Benchmark STDS and NPX 23/25 climbed 6 cents/lb and 4 cents/lb on the week, respectively. NPX 20/22 showed the largest move, jumping 15 cents/lb on the …

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Prices Rise as Shipping Problems Dampen Business with China

Prices strengthened for the third consecutive week in the U.S. FAS market during the week ending December 15, partly on continued demand for inshell almonds from India. “The inshell market is hot,” a packer said. “It’s firming, and it’s spreading to the rest of the industry.” Prices jumped for nearly all assessed items, with BP …

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Almond Prices Strengthen Across the Complex as Trade Ramps Up

Prices firmed in the U.S. FAS market during the week ending December 8, primarily on demand from Europe and India as shipping problems appeared to worsen. The spike in buying interest surprised some market participants expecting quieter sales following the recent bullish monthly shipments.   “Buyers are realizing they’re a little shorter than they expected,” …

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Shipping Container Shortages Expected to Persist through February, Hapag-Lloyd Says

Shipping constraints at California ports, which have caused logistical headaches for the global almond market, are likely to continue until at least February 2021, according to the shipping giant Hapag-Lloyd AG. Almond exporters, as well as other agricultural exporters, are reporting that the lack of shipping containers is preventing them from sending their product to …

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