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Almonds: lower yields are emerging

October 20, 2021 at 9:08 AM , Der AUDITOR
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SACRAMENTO/MADRID. Caution prevails before new contracts are being entered at present, especially since lower yields are emerging in California's almond orchards. Demand is, however, also rather subdued due to various different factors. This has impacted spot market prices in Europe.

NASS estimate is realistic

As registrations are 1.5% up on last year the market reckons that the NASS objective estimate of 2.80 billion lbs (1.27 million mt) for almonds without shell may well be met. This, however, still falls around 220 million lbs (100,000 mt) short of last year's record crop of 3.0 billion lbs (1.38 million mt), especially since growers are reporting lower yields due to drought. As Blue Diamond Almonds reports this is why buyers and sellers prefer spot deals. Problem for suppliers, however, is that demand is rather subued at present as many buy

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