Almond prices rallied in the global industrial market during the week ending Tuesday as talk heightened of a potential inshell shortage in California.
Month: February 2021
Almond prices plummeted in the U.S. FAS market during the week ending February 16, extending weeks of losses following the release of bearish January shipment numbers.
Weaker global demand could also be to blame, packers say, raising questions about whether future monthly shipments will return to their punchy levels once shipping problems subside.
Australia ships record quantity of almonds to the U.S. in December 2020 as total country exports more than double.
With bloom days away, farm advisors say it’s becoming harder than ever to use it to predict almond crop output in California.
Prices dropped for the third consecutive stretch in the U.S. FAS market during the week ending February 9 as global demand faded.
Traders thrive on price volatility, and in the global almond market, few events can move prices quite like bloom, the period starting soon when almond trees in California produce blossoms for pollination. Market observers see bloom as a crystal ball of sorts – a window into the size of the upcoming almond crop in California …
Benchmark STDS and NPIS prices fell again in the U.S. FAS market during the week ending February 2 amid reports of a supply glut in California’s largest export market.