« ALMONDS »
The Almond Board of California has released the December shipment report with shipments of + 204.5 million pounds compared to last year at 156.2 million pounds for an increase of +30.9 percent! The industry has been expecting a record shipment number for December and we surpassed expectations! Over 204 million pounds for December!
– Domestic + 7.7%
– Exports +41.6%
YEAR TO DATE SHIPENTS: + 1.038 billion pounds compared to 950.8 million pounds last year for an increase of +9.23 percent!
CROP RECEIPTS: The crop receipts are now at +2.207 billion pounds. It appears the crop will reach 2.25- 2.30 billion pounds this year.
CURRENCY: The Euro is trading at 1.19 dollars. Dollar has weakened in the past few months, making almonds cheaper from a currency standpoint.
DECEMBER: All markets were active in buying and taking shipments. Prices on many key items firmed up by 5 cents per lbs. Now with the new strong shipments report we may see prices rise another 5 cents per lbs as well. New sales during December were at +165.9 million pounds. The Industry is now sold at 64.8% percent for total supply and 76.7% percent on the new crop.
JANUARY: The shipments for January look to be a new record as well. Many expect shipments up another 20-25% over last year. Cheap prices are definitely increasing consumption! It is amazing going into retail stores now to see all of the new products being launched containing almonds! January is full for all packers. Many packers are now full for their February production schedules as well.
RAIN: The planting area received some welcomed rain storms the past 7 days! In Sacramento is now at 7.13 inches compared t a normal year of 8.11 inches, so that is the 88% of normal for rains.
Source:
Summit Almonds http://www.summittreenuts.com/