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The Spot Stock of California Almond Is Relatively Low with Sagging Futures Sales, Despite the Strong Sales of Australian Almond

Pubtime:2018-06-04Author:Source: Hits:

The demand on the spot stock of California almond is quite robust, while the variety that most buyers need differ tremendously from the current stock in California. Everyone wants to buy Carmel Supreme. Few people want to buy NPS or NP SSR. The buyers want to buy small Bu/Pa, but California only have the large grain Carmel Type SSR 20/22.

The demand on almond is now at a low level due to the trade war between China and the United States. However, prices are still very stable because of the continuously declining stock in California. By the end of July, the California almond stock market will decline from 398 million pounds last year to 2.5-3.0 billion pounds this year.

There are two data predicting the yield of the new harvest season. The first is the TNT report predicting that the yield will be 2.51 billion pounds. The second is the prediction issued by California Almond Association predicting that the area where can harvest almond in California in 2018 will be 1.7 million acres. Based on these, it can be predicted that the output of this year will be about 2.44 billion pounds.