Market expects strong November almond shipments

December 11, 2023

1 mins read

Market participants surveyed by in the first week of December were expecting strong shipments ahead of the release of the November position report on 12 December. Estimates for the November shipment figure were reported in the range of 210-255 million pounds, with most respondents returning figures of 230-245 million pounds.

“We’ve had a good month and I’d expect to see a figure close to what we saw in October,” a US handler said to Mintec.

Mintec Survey December 2023

Market participants were expecting a drop in new sales as sellers slowed offers amid the previously mentioned quality concerns.

“We’ve been estimating how much stock we are likely to have now that harvest has come to a close and our yields and quality are lower than we expected. Due to this we are looking to slow down our sales from the seasonal pool to see if we can improve average pricing later in the season,” a US seller stated. 

To stay up to date on developments in the almond markets, subscribe to the Mintec Weekly Almond Report by emailing Nuts@Mintecglobal.com. The report, which is released each Thursday, provides in-depth information on pricing and market dynamics.

Aidan Wright
Aidan Wright

/You May Also Like

Featured Image
The demand for free-buy supplies of potatoes in the EU remains...
Featured Image
UK imports of colourless glass fell 31.6% year-on-year (y-o-y) in...
PLATFORM

Mintec Analytics

The spend intelligence you need, about the food products you buy, all in one place. 

FREE TRIAL