Almond January Position Report

January Almond Position Report

15/02

– The objective was an underestimate
– Shipping overall is down
– Commitments are 14% down – a reflection of price downfall in the falling markets
– Lack of confidence in the market has led to lack of booking hand to mouth in advance
– A large carry-over on the cards
– The nature of buying has changed as the secondary market has shrunk

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