Month: June 2021

Near-Term Demand from India Continues to Bolster Prices

New crop NPIS for August shipment continued to trade at premiums to September shipments in the global almond market the week ending Tuesday on demand from India. NPIS traded multiple times from $1.95/lb FAS to $2.00/lb FAS for August shipment. The market-clearing price was seen at $1.99/lb FAS, a 9-cent premium to NPIS shipping in …

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Growers are Pulling Almond Trees as Drought in California Worsens. What Does it Mean for the Market?

Even with some bud failure, the 400 acres of almond trees in Fresno County should have been profitable for years to come for Stuart Woolf. But soaring water costs and historically low almond prices make this an unusual year. Faced with the prospect of financial losses from this swath of almond production, Woolf decided to …

Growers are Pulling Almond Trees as Drought in California Worsens. What Does it Mean for the Market? Read More »

How Far Along is California on New Crop Sales? An Answer is Here.

The story told repeatedly in recent weeks is buyers and sellers have been largely unable to bridge the gap separating bids and offers for new crop transactions, resulting in an impasse. On Thursday, the Almond Board of California (ABC) is scheduled to release numbers testing that story. The new crop commitment numbers, which the ABC …

How Far Along is California on New Crop Sales? An Answer is Here. Read More »

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