California packers shipped 147.5 million pounds in December. This is up 57.5% over last January. The cumulative season-to-date now stands at 719.0 million pounds, 19.2% ahead of last year’s pace.
Export markets continue to be the main driver of growth and with shipments to China totaling 30.2 million pounds (compared to 4.0 million a year ago). On a smaller scale, but also posting gains, were major markets such as South Korea, Taiwan, Russia and Dubai which more than doubled December almond imports and India was up 77%.
Notwithstanding higher price quotes and many withdrawn sellers in December, sales continued along at about 107 million pounds, bringing the committed number to 407 million pounds. Add the commitments to the shipments and California stands at 1126 million pounds, or about 65.3% of total supply. This compares to 53.0% a year ago at this time and 61.3% two years ago. With this kind of position sellers will be in no hurry to quote future.
Almond prices over the past month continued to climb. Standards up about 25 cents before today’s report were trading near $2.05 per for prompt shipment. Until recently Nonpareils creped up slowly compared to California Type. We are now seeing a resurgence of Nonpareil interest as Carmel and other variety Supremes push closer to NP prices and availability of substitutes shrink. We expect Nonpareil to enjoy relatively better advances over the next several weeks. Blanched sliced and slivered were up as well.
Today’s report confirms what we have already seen at work over the past several months. The shipment pace obviously cannot be sustained with current supply. One might argue that Chinese New Year kicks off in mid February and we can expect a period of digestion out of the Far East. However, the consumption story is bigger than just China. Even further price increases will be necessary to moderate the pace of shipments. Bloom conditions become even more critical as California faces a minimal carry-in and strong demand.
wish the honey market was this rosy.......we'd be at $2/lb
Posted on the site
"We anticipate posting the first of the daily Bloom Reports no later than Monday, February 15, 2010.", so hopefully they will get going. I imagine the bloom is on!.
Any one here care to update us on how things are going?
The orchard I unloaded in this morning had a few blooms open as early as last Thursday(sonora early blooming) Quite a few blooms now open with lots more coming in next week. Non parelli is just getting a few blooms open..... Looks like bloom will be really on within the week!
A forum community dedicated to beekeeping, bee owners and enthusiasts. Come join the discussion about breeding, honey production, health, behavior, hives, housing, adopting, care, classifieds, and more!