Current crop Nonpareil kernel prices rose in the global almond market the week ending Tuesday as packers lifted offers to sync them with inshell prices, which increased for the fourth consecutive week.
NPIS prices rose 18 cents/lb in the global almond market the week ending Tuesday on demand from India.
The two reports deliver the most bullish news of the current crop year to participants in the global almond market, resetting prices.
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.
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 …
An Updated Crop Forecast and Shipment Report Jolt Market Read More »
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 …
Prices Surge as Forecasters Reset Supply Expectations Read More »
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.
