ALMOND SHIPMENTS: 187 million lbs  +33%

The Almond Board of California has released the November shipment report with shipments of +187 million pounds for an increase of +33.4%  over last year’s shipments of 140 million pounds.  It was widely expected that shipments would be strong and they did not disappoint.

November shipments:

Domestic             +7.1%    +52 million pounds

Export                  +47.5%  +135 million pounds

YEAR TO DATE SHIPMENTS:   now at +794 million pounds for an increase of  +38.86 percent over last year.

CROP RECEIPTS: Now at +1.93 billion pounds.  We are 9.9% ahead of  last year’s crop.  It is safe to assume there will be another 150 million pounds to be delivered over the coming months so we will see a crop of +2.09 billion pounds or higher.

CURRENCY:  Rocky ride since Donald Trump was elected President for many countries.  Dollar has strengthened against many countries’ currency.  Currently the 1 Euro is +1.08 dollars.

RAIN: California is expected to receive numerous rain showers during the coming week.  Sacramento is expected to receive 1-2 inches of rain.

MARKET: Prices have steadily weakened since late October.  Many markets have heavily bought and shipped and are now having to sell all of the loads coming to them.  In November the new sales reach 150 million pounds, which was quite surprising when many thought sales had been slow in November.  The industry is now sold at approximately 58% for the carry in plus the new crop.  This is a very healthy sold position.  Nonpareil are well sold at this time.  Many industry experts believe NP extra #1 will become very tight by April/May, similar as last year, as many markets have bought heavily on nonpareils already.  Thus if you have demand on them, we recommend you cover them sooner than later.

DECEMBER: December shipments at this point look to be slightly lower than last year.  This will be needed as the industry is well sold for the beginning of December.

We look forward to hearing from you.  If you have any specific demand please advise us.  Thanks

 Kaynar Food Marketing Team