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Statement on Salmonella and Food Safety
5/24/04 Billion
Pound Crop Estimate 7/1/03
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Today the California Agricultural Statistics Service (CASS) announced the objective almond forecast for the coming crop at 880 million lbs. This is about 3.5% up from the subjective estimate of 850 million lbs. released in May, and 11.8% down from total crop receipts for this current crop year. Many findings in the report are in line with what many of us have already been expecting, such as Nonpareil production being down the most among varieties and individual kernel weight being up significantly from last year. A copy of the report is available at: ftp://www.nass.usda.gov/pub/nass/ca/rpts/om/200506almom.pdf MARKET UPDATE Market has been very quiet over the last month. The strengthening of the USD has slowed sales into Europe, with most of the spot demand seeming to be covered by sales from the second hand or Spain. Sales in the Middle East have also been very slow due to a temporary glut of almonds in Dubai. The domestic market has been fairly active for both current and new crop. It remains to be seen how the market will react to CASS’s latest estimate. We’ll post another update in about 7-10 days, once the Almond Board position report is released with the June shipment figures. Best Regards, Paul Ewing Director of Sales Hilltop Ranch, Inc. For more information, contact Paul Ewing directly. ©2005 Hilltop Ranch, Inc. |
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