|
Current Market
Report
Market
Report Archive
Quality at Mt. Satake,
Jan. 2007
Statement on Salmonella and Food Safety
5/24/04
Ewing Appointed
Head of
Sales 3/29/04
FDA
Approves Qualified
Health Claim
7/16/03
Billion
Pound Crop Estimate 7/1/03
Letter
to the trade 1/10/03
New
Processing Facility 9/13/02
|
Almond
Market Report - April 8, 2008
The Almond
Board of California reports:
March
2008 shipments were a record 91 million lbs.
-
About 29% above March 2007 shipments
- Domestic
shipments were up 15% and exports were up 38.5%
We
have seen continued volatility; both down and up, then
down and up again since our report one month ago. The
current market sentiment is very bullish, especially in the
grower community.
SHIPMENTS/DEMAND:
Shipments are up 16% for the season. We
have continued to see record shipments every month since June. Shipments for the season by region are:
| Region
|
Percentage
of the Market
|
Percentage Growth
|
| Western Europe |
36.7 |
22 |
| U.S. |
30.5 |
7.8 |
| Asia |
17.8 |
13 |
| Middle East |
7 |
39 |
| Rest of North America |
3.9 |
20 |
| Eastern Europe |
2.9 |
24 |
THE 2007 CROP / RECEIPTS:
Receipts
as of March 31 were 1.377 billion lbs, virtually
unchanged from the previous month.
THE
OUTLOOK:
Expectations for the 2008
crop continue to vary, by a few
hundred million lbs. in some cases. The
Nonpareil crop appears to be off from last year throughout the state in
the
majority of orchards. As was expected
given the crop last year, the south and west sides look to have strong
crops
and the central and northern areas of the state look to be down from
2007. We have continued to hear more
reports of
inconsistent crops by orchard and even within orchards.
On May 7 we expect to receive NASS’
subjective crop estimate, which could bring some clarity to the market.
March shipments were much
stronger than most expected, as
many doubted we would even see a record. Our
short-term outlook is for a firm market
but we may be surprised and
see ups and downs, even prior to the May estimate.
For
more information, contact Paul
Ewing.
Previous Market Reports:
Market
Report Archive
©2008
Hilltop Ranch, Inc.
|
|
|
