Prices rebounded from a multi-week slide in the global almond market the week ending Tuesday as demand perked from key regions.
Month: November 2021
Low year-to-date shipments, high uncommitted inventories and the second-highest crop receipts on record for this time of year pose challenges for sellers
Prices fell from 6 cents/lb to 20 cents/lb in the global almond market the week ending Tuesday on the third bearish position report of the crop year.
Market participants cite multiple reasons for the contango structure.
Prices fell in the global almond market the week ending Tuesday ahead of a new position report that sellers worry could show disappointing monthly shipments.
Some packers are running out of warehouse space and bins, prompting them to sell into a falling market.
Volatility in the global almond market continued the week ending Tuesday with prices falling amid concerns about upcoming October shipments, new sales, and storage.