Prices of U.S.-origin items in the global walnut market fell to fresh lows in the week to Thursday as buyers continued to focus on inshell quality and packers reduced offers to boost sales and cashflow in a typically slow period for the market.
Month: January 2023
Most assessed prices rose marginally in the global almond market the week ending Tuesday as differentials between items remained tight.
Most U.S.-origin items in the global walnut market firmed in the week to Thursday as the level of buy-side inquiries ratcheted up a notch in the Middle East and Turkey.
Following a string of bearish position reports, the latest update brought better news for sellers but failed to show a meaningful rebalancing of supply and demand fundamentals required to lift prices from record low levels,
Inshell prices showed the biggest gains in the global almond market in the week to Tuesday as a positive position report halted a multi-month price decline.
Lower half-count kernel prices fell in the global walnut market in the week to Thursday, widening the spread with premium items as December shipments from the U.S improved.
Heavy rain and snow in California prompted an increase in offers in the global almond market the week ending Tuesday and caused prices for most assessed items to fall, with large Nonpareil kernels sustaining the steepest losses.
Prices of U.S. inshell and kernel items diverged in the global walnut market the week to Thursday as packers worked to improve their sold positions with trade resuming after the year-end holidays.
Assessed Nonpareil kernel prices declined in the global almond market the week ending Tuesday as the INIS price discount to NPIS narrowed on stronger INIS demand.