Almond Review – July 2017
Today the Almond Board of California released the June 2017 position report
June shipments were 177 million lbs. vs. 174 million lbs. in 2016
U.S. shipments: +14% YTD, +22% for June
Exports, +17% YTD, -7% for June.
Commitments of 294 million lbs. are up 11.5% vs. a year ago. With 1.95 billion shipped, the industry has sold or shipped 2.24 billion lbs.; which is nearly 90% of total supply.
CURRENCY: The USD is still quite strong, but has weakened in recent months. From a low point of 1.04 USD to the Euro in December, its currently at 1.14.
NEW DEMAND TREND:
We see exciting new products launched in South Korea, South America and other export markets, where some snack companies are marketing nuts to kids as a healthy and fun snack option. This has been a largely untapped segment of the world market, with a few exceptions like India.