New demand from Europe sparks activity in the STD5 market.
Month: January 2022
Inshell prices in the global almond market gained slightly in the week ended Tuesday, providing hope a floor may have been reached after six weeks trending lower, while STD5 prices steadied, slipping by only a penny.
Recent price declines in the global almond market are driving increased buying from European traders, but demand is also being helped by a 1.5% reduction in European Union customs duty on imported U.S. almonds from the start of the New Year. Another factor supporting U.S. almond prices is their current price advantage over Spanish almonds, …
With global almond prices softening recently, explanations of factors driving the decline have focused on supply and California’s deeper unsold position relative to previous years. However, amid logistical bottlenecks stretching freight delivery timelines, recent analysis of the demand side has highlighted potential shifts in purchasing outside seasonal patterns that could indicate support for prices in …
Longer freight timelines are changing buying patterns with implications for market prices.
Prices for STD5 dipped slightly in the global almond market the week ending Tuesday, suggesting to some the item may have found a floor, while prices for inshell and most kernel items continued to fall on weaker fundamentals.
Monthly shipments, falling to a 5-year low for December, continue to disappoint sellers.
Fears of a bearish position report softened prices in the global almond market the week ending Tuesday, and prices slid further when the report confirmed a sharp drop in exports to key overseas markets.
Lagging shipments mean California is tracking toward a nearly 800 million lb carry-out this crop year.
Most global almond prices moved lower during the week ended Tuesday, as record precipitation in California as well as bearish sentiment about the pace of shipments contributed to the softening market.