Current Market Report

Market Report Archive

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

Market Report – December 10th, 2006

Per the latest Almond Board of California position report: 

Shipments reported for November 2006 were approximately 111 million lbs.

This is about 24% above the November 2005 figures. 

The market has been slowly but continually increasing since the third week of September.  These large shipment figures for November, a near record, demonstrate that demand has recovered greatly since last season and that more reasonable prices have reached the consumer level.  

With the later harvest we still do not know too clearly the crop total based off the Almond Board receipts but we are expecting something close to the NASS estimate of 1.05 billion lbs.  Below are charts showing shipments for recent crop years along with hypothetical scenarios for this season.  The first chart assumes we continue at a pace equal to the past four months (10.1% above the average shipments for the past three season) and the second chart assumes that for the balance of the crop year we continue at a pace equal to the average of the past three seasons:



If the crop does come in at just 1.05 billion lbs., or less, it would be very difficult for the industry to continue shipping at the same pace we have been, as we would not have enough product for a reasonable carry-in to the new crop.  These strong shipments for the past few months and the large commitment figure (nearly 66% committed or shipped) should contribute to a continued firm market. 

Previous Market Reports:

©2006 Hilltop Ranch, Inc.