Month: May 2021

Forecast of Increased Almond Production in California Pulls Prices Down

Prices fell in the global almond market the week ending Tuesday in reaction to a new U.S. Department of Agriculture (USDA) crop forecast. Assessed kernel items lost from 1 cent/lb to 13 cents/lb on the week after the USDA’s National Agricultural Statistics Service (NASS) estimated that California will produce another record quantity of almonds in …

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USDA’s NASS Predicts Another Year of Record Almond Production in California

A new California almond crop forecast rejected by sellers and embraced by buyers could usher in a period of low trade liquidity in the global industrial market as the two sides dig into divergent views of market fundamentals. The 2021 California Almond Forecast, released May 12 by the U.S. Department of Agriculture’s (USDA) National Agricultural …

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An Almond Futures Contract in India is Nearing its One-Year Mark. Here’s How it Has Fared.

The creators of a unique almond futures contract hoped it would provide bulk almond buyers and sellers with a useful price risk management tool when they introduced it last June. But as the contract nears its one-year anniversary, it has yet to achieve the widespread use its creators envisioned. The story of the futures contract …

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