Almond Market Report

  • Reading time:2 mins read

In our latest almond market report from Michael Stevens, we talk about how the almond market has been operating like a wild beast, and before the market was falling every day for the past 2 to 3 weeks. Everyone was sitting on the side-line waiting for traction, as demand is going down. In terms of standards it got down to $3.45/47.

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The spot market remains tight, because of lack of shipments and lack of stock. If there are no physical goods coming in, things get tight. Michael explains that the whole thing has got ‘excitable; 2 days ago numbers of sellers at $3.45, but the next day struggling to find sellers at $3.55, so the whole thing has flipped around.

Could things settle down as Thanksgiving and Christmas approach? How long will the almond market moving up continue? We say it is up to the buyers, and it’s a good thing demand has some voice!