No Scope Of Further Decline In Almonds

California experiences a bumper season in almond kernels, flooding the market with abundant stocks. Despite this, the Indian almond market presents a unique scenario, with steady prices and even a potential upward trajectory.

California’s Bounty and Continuous Export Drive

Almond kernel production, primarily in August in the USA, has surged in California. Exporters, capitalising on the high production, engage in relentless selling. The sheer volume, a staggering 2350 million pounds, surpasses the previous year’s 2150 million pounds. Surprisingly, this bounty has not translated into a market recession, keeping the almond prices resilient.

Indian Markets Witness Dullness

Contrary to California’s vibrancy, the Indian almond market is sluggish. Despite ample stocks and a bustling wedding season, there’s a notable lack of customers. A paradox emerges – surplus almonds coexist with a subdued market. The almond kernel, recently valued at $1,58 per pound, now stands stronger at $1,70 per pound, reflecting an unexpected twist in the market trends.

Stocks, Arrivals, and Market Movements

In the Indian subcontinent, almond prices vary, with California almond kernels fetching higher prices and independent kernels priced lower. An intriguing situation unfolds as bookings rise in California, up by 0.55 compared to the previous year. Despite this, a bear market seems unjustified, given the substantial reduction in almond stocks in both new and old kernels within the markets.

Future Predictions Of Almonds

Container availability, a critical factor, faces disruption due to geopolitical challenges in the Red Sea. The looming scarcity is poised to impact the almond trade significantly. Although wedding-related demand is increasing, container shortages may disrupt business in the second fortnight. An impending bullish trend is predicted for Californian almonds as market forces realign with global circumstances.

Conclusion

Looking ahead, almond markets anticipate a surge in demand around Vasant Panchami and Holi. Once ensnared by elevated prices, external traders have found resolution, eliminating risks in the current almond kernel trade. Global events, container logistics, and seasonal demands influence the almond market. It charts its course through abundance and restraint. Thus, there are no chances of further decline in the almond prices.

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