The almond market had become uncertain for the last six months due to the continuous low-quality landing from California and Australia.
Last year in California, at the time of the new crop, there was a decrease in production due to warmer weather, due to which the markets were up till August. Because of crop reduction, stockists came into the fray and started buying, which let the prices up to $ 13,86 per kg. On the other hand, seeing the vast boom concisely, import deals increased from different countries for almonds. Due to this, the kernel prices have started improving, and the good quality kernel prices have reached 8,4$ per kg. Independent traders are offering almonds at a $7,73/7,79 per kg basis. Goods from Australia are being offered up to $ 8,32/8,45.
Currently, small and big importers are retaining themselves from selling the almonds to a lower level. On the other hand, there is uncertainty in the international markets. The goods coming in this situation seem a bit expensive and there has been a shortage of money in the markets due to the March closing. Due to this, it may take a fortnight for the long boom to come. The almond kernel, selling at $7,79 per kg, is expected to rise by $1,32 per kg in the next two months. With the improvement in buying, there is a possibility of market growth.
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