Month: July 2021

Prices Surge as Forecasters Reset Supply Expectations

Prices soared in the global almond market the week ending Tuesday after the U.S. Department of Agriculture (USDA) cut its forecast for California’s 2021-2022 crop year almond production by 400-million pounds. Benchmark STDS climbed 29 cents/lb on the week to $2.22/lb FAS, while NPIS increased 16 cents/lb to $2.17/lb FAS. NPX 30/32 showed the sharpest …

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An Updated Crop Forecast and Shipment Report Jolt Market

A smaller-than-expected California almond crop forecast and a report showing record June shipments provided the global almond market with its most bullish news this crop year, bolstering sellers who have been grappling for months with record low prices while simultaneously striking concern among some sellers that the market could overheat. The 2.8-billion-pound forecast from the …

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Prices Surge as Forecasters Reset Supply Expectations

Prices soared in the global almond market the week ending Tuesday after the U.S. Department of Agriculture (USDA) cut its forecast for California’s 2021-2022 crop year almond production by 400-million pounds. Benchmark STDS climbed 29 cents/lb on the week to $2.22/lb FAS, while NPIS increased 16 cents/lb to $2.17/lb FAS. NPX 30/32 showed the sharpest …

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NPX 30/32 Prices Fall on Selling Interest from Growers

Prices for NPX 30/32 fell 11 cents/lb in the global almond market the week ending Tuesday as growers entered the market to sell their remaining current crop supply of the item, market participants said. Stratamarkets assessed NPX 30/32 on Tuesday at $2.00/lb FAS, down from $2.11/lb FAS the previous week. “Growers want to get rid of …

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