Dear Valued Customer,
Please find below our market report, it has been a whirlwind few weeks with commodity prices coming down aggressively.
Market is very quiet, prices are holding firm, probably because China (say it in a Donald trump voice) is picking up the slack. We are being told the Vietnam kernel crop is expected earlier which we be good for pricing, but that wont effect till the 2nd QTR, we strong advice to book to cover 1st QTR, if you don’t, you run the risk of not having product to cover.
Big growers are saying prices will rebound, not to the $5 dollar range but will go up, that’s what they are saying, currently the market is stagnated, there is rain, snow packs have formed and it’s a good crop, along with very little buyers confidence and a lot of mistrust, unless the growers invent a new use for almonds we don’t see pricing rebounding higher, we are super aggressively priced on Almonds and you should take advantage.
Contrary to everything else Pecans have rebounded and looks to only continue its meteoric rise. China is back in the market, along with next year being an off year so farmers are storing a lot for the carry over, even though this was meant to be the ON year because of crop damage its not been amazing, we are priced accordingly.
Finally, at this juncture we at Atlantix would like to wish you and your loved ones a very happy holidays and a happy and joyous new year, we truly appreciate our business relationship and look forward to only growing stronger together with you in the coming years.