Friday, February 11, 2011

Almonds Report

Attached is the January 2011 Almond Position Report. Domestic shipments of 37.1mm lbs was +8.7% of last year’s January shipments of 34.1mm lbs.. Export shipments of 82.7mm lbs represented a -6% declines verses last January’s shipments of 88mm lbs.. Overall industry shipments for January ’11 were 119.8mm lbs. verses 122.1mm lbs previous year or -1.8%. Shipments were respectable, but below what most in the industry projected. Current crop receipts to date at 1.55 billion pounds with perhaps another 40 – 45mm lbs to be reported. Non Pariel variety is off this year verses previous year. The industry is currently 65.7% committed or shipped (1.26 billion pounds). We have seen some softening in prices in the past week of approximately .10/lb. Bloom is just starting to take place in the southern part of the state. The next 3 to 4 weeks will be watched closely to see how the market reacts to the bloom and recent industry shipments.

Regards,



Robert Smith

2 comments:

Anonymous said...

I have a feeling that sellers won’t be so willing to sell almonds at bargain basement prices with cold rainy weather predicted through the end of February.

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