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Quality at Mt. Satake,
Jan. 2007 Statement on Salmonella and Food Safety
5/24/04 Billion
Pound Crop Estimate 7/1/03
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Market Report – August 9th, 2007 Per today’s Almond Board of California position report: Shipments reported for July 2007 were a record 82 million lbs.
Strong shipment figures were expected for July but we believe the actual figures turned out higher than most expected. Its important to keep in mind that export shipments are effected by inventory in those regions and you cannot look at one month or even two months and accurately estimate demand for the region. Large inventory in various export markets lead to poor shipments during the Spring months, and shortages in some export markets during late June and July, particularly in Europe, helped contribute to very strong shipments for July. Below is an overview of shipments to different parts of the world for the 2006 crop year:  THE 2007 CROP: We received our first new
crop almonds this afternoon. The Nonpareil harvest is running about
7-10 days ahead of last season, but this is a work in progress and
weather will continue to impact this. The majority of the harvesting
completed was in the southern part of the state as well as some in
the north. Initial quality reports are showing low insect damage. We
expect to receive smaller kernel sizes from the earlier harvested
orchards and anticipate improved kernel sizing as the season
progresses.
SUPPLY & DEMAND
ANALYSIS:
Possible Scenarios for
the 2007 crop, assuming crop receipts per NASS’s estimate:
THE OUTLOOK: On August 1 the Almond Board of California recommended to the USDA that implementation of the mandatory pasteurization program for North America be delayed until March 1, 2008. We anticipate the USDA will approve this recommendation prior to September 1. As stated by Richard Waycott, the Almond Board President, the action was taken “to ensure there is sufficient capacity in certified pasteurization facilities to deliver uninterrupted supply.” Continued shipment growth will be needed throughout the majority of this season. We believe demand remains a much bigger unknown than the crop size. Historically, in seasons with record crops and lower prices, demand for almonds has grown beyond people’s expectations. For more information, contact Paul Ewing. Previous Market Reports: ©2007 Hilltop Ranch, Inc. |
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