The Almond Board of California has released the January Position Report with shipments of +165.80 million pounds compared to +129.4 million pounds last year for an increase of +28.3 percent. Shipments came in slightly higher than what the industry had original been predicting. Thanks
YEAR TO DATE SHIPMENTS: We are now at +1.116 billion pounds compared to last year at 837 million pounds for an increase of +33.4 percent.
Percent up Year to date
USA +15%
Export +43%
CHINA +40%
Korea +46%
India +54%
Germany +31%
Spain +20%
Turkey +176%
UAE +69%
CURRENCY: The dollar remains strong against most currencies. The 1 Euro is at 1.07 dollars.
MARKET: There was a flurry of activity in mid to end of January with International and Domestic markets participating in buying resulting in a strong level of new purchases/sales of +159 million pounds in January. The prices were stable in late January and then began to firm with the stronger demand levels. Prices have become firm this week due to the onslaught of rain we continue to have combined with warmer weather. The warm weather is advancing the bloom. Some trees in the Southern part of the valley are pushing buds and even a few flowers have emerged. The weather forecasts are predicting rain for the next few days followed by a few days of warm sunny weather in which the trees will advance closer to blooming, followed by a period of 3-5 days of more rain showers during the bloom. Growers are cautious with the on- coming rains and the potential impact on the bloom. The warm rains are melting the snow pack quickly which is causing flooding issues in the north valley. Prices should remain stable to firmer.
FEBRUARY- looks to be another strong month for shipments again with some industry expects predicting another increase of 10-15% over last year.
GULF FOOD: Please plan to visit our booth in Dubai February 26- March 1, 2017. US Pavilion-S3-C24 and S3- C26
Kaynar Food Commodities
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