Market Reports Archive

ALL NUTS

What happened in the global nuts market in January? This report is packed full of essential global market information, crop updates, key insights, must-read data, trends/factors + much more! Written by our Product Line Managers, this is for you to stay up-to-date with the ever-changing nuts market!

ALMONDS

Pre-Bloom weather in California has been a mixed bag with numerous rainy days, yet they have not been impactful. A close eye will be kept on the weather as we inch towards the almond bloom. Shipments have remained strong through the fourth quarter and are predicted in January to continue on trend with industry expectations of 230 million pounds. While not setting any records, it has put the industry in a position of...

ALMONDS

The Almond Board of California released the "December Position Report" on Thursday, January 11, 2024. A standout 361 million pounds were received in December versus 226 million last December, an increase of 60% over a year ago. Despite the lack of offers, the 219 million pounds of new business may be...

ALL NUTS

What happened in the global nuts market in December? This report is packed full of essential global market information, crop updates, key insights, must-read data, trends/factors + much more! Written by our Product Line Managers, this is for you to stay up-to-date with the ever-changing nuts market!

ALMONDS

The market has been quiet through the holiday season. Growers have been waiting to sell as they assess crop receipts. With 1.87 billion pounds received to date versus 2.15 billion pounds last year, the crop appears below the Objective Estimate of 2.60 billion pounds. The crop was roughly a month late to harvest, finishing in mid-December, leading to discussions...

ALMONDS

The Almond Board of California released the "November Position Report" this week. Shipments were strong with 238 million pounds, marking the second-strongest November for shipments in almond history. This is +16.6% over last November’s 204 million pounds and brings total shipments...

ALMONDS

The Almond Board of California (ABC), in addition to using NASS data for acreage, also employs Land IQ. Land IQ released its final acreage report for 2023, showing a slight increase in bearing acreage for the new crop to 1.374 million acres, up from the initial estimate of 1.366 million acres. However, total acres, including both bearing and non-bearing, decreased from...

CASHEWS

Tanzania auctions have started and we have seen good demand for the first flushes. Since mid October, around 20,000 metric tons have been traded, with pricing inching up since the start of the auctions, driven by...

WALNUTS

The walnut market experienced considerable activity in October, seeing substantial crop receipts and positive shipment figures across both domestic and export markets. Despite this, reported commitments continue to fall short...

PISTACHIOS

The 2023/24 pistachio crop is nearing the end of its harvest, and it’s increasingly likely that it will set a new record. The INC’s May forecast had initially predicted a 1.1 billion pound crop, but crop receipt trends are now pointing to a crop size of 1.5 billion pounds. This would represent a significant...

ALMONDS

The almond harvest has officially concluded. With such a late crop, hullers/shellers will continue operating until Christmas. Late varieties have been hard to come by as the previous crop sold out early this year. Each day will improve as we move through crop receipts and work on processing as fast as possible. Crop receipts now stand at...

CASHEWS

Tanzania auctions have started and we have seen good demand for the first flushes. Since mid October, around 20,000 metric tons have been traded, with pricing inching up since the start of the auctions, driven by...

WALNUTS

The 2023/24 season is upon us and with a new crop also comes the hope of carrying over the positive momentum shown in recent months and getting returns to sustainable levels. The USDA has revised the NASS crop estimate from 790,000 tons to 760,000 tons. This was due to the previous forecast overestimating...

PISTACHIOS

The 2023/24 pistachio crop is nearing the end of its harvest, and it’s increasingly likely that it will set a new record. The INC’s May forecast had initially predicted a 1.1 billion pound crop, but crop receipt trends are now pointing to a crop size of 1.5 billion pounds. This would represent a significant...

ALMONDS

Through October, crop receipts are -19.5% behind this time last year, mainly due to the lateness of the crop, as just described. With 1.33 billion pounds received to date versus 1.66 billion pounds received at this time last year, only time will tell if the number improves, to bear out the USDA’s estimate of 2.6 billion....

ALMONDS

It is the first week of November and harvest continues in many areas of the state. This week has been quiet as buyers and sellers continue to assess the market conditions. With the crop as late as it is processors are concerned about becoming oversold on...

WALNUTS

The 2022/23 walnut season finishes strong, surpassing shipment expectations in August while maintaining firm pricing on available inventory. However, expectations are running high as the walnut industry braces for another record crop in the 2023/24 season, with the USDA's forecast standing at a significant 790,000 tons. Initial reports from growers point to a...

PISTACHIOS

The 2022/23 pistachio season concluded with positive shipments into emerging markets signaling a positive increase in consumer preferences for pistachios. Expectations for the 2023/24 crop year indicate a substantial increase to global pistachio production, mainly driven by...

CHILES

Many US Red Chiles fields are currently in the fruiting stage and have developed multiple fruits. Despite a slightly cooler spring and a slow start to the season, the crops are catching up.

VIETNAM SPICES

Vietnam has completed the pepper harvest as of April 2023. Due to early rains in Vietnam, the harvest season was finished one month ahead of the usual time.

CASHEW

The Ivory Coast crop season has just started off with a two week delay on earlier timelines driven by a governmental decision. Today, the in-shell price is at disparity to kernel pricing, which we have also seen in the earlier two crops. Kernel demand continue to focus on spot and nearby shipments. Snacking consumption drop in the United States was significant during Q4 of 2022. On the other side, ingredients boomed and reached all time highs which...

CASHEW

Kernel demand is focused on spot and nearby shipments. With in-shell pricing yet to be discovered it’s not a big surprise to see limited forward offers as risk appetite across the industry is low due to so many unknown factors from cost of production to funding. The spot Kernel market is still trading at disparity vs new crop in-shell pricing, this phenomenon worked out last year due to better...

ALMOND

September shipments were strong, with 217.7 million pounds shipped for the second month of the new crop year. This is an increase of 15.6% over last year and represents the third strongest September historically.  As a result, the new crop year is now ahead of last year by +3%. Expectations are for an even stronger October shipment number as we...

ALMOND

September shipments were strong, with 217.7 million pounds shipped for the second month of the new crop year. This is an increase of 15.6% over last year and represents the third strongest September historically.  As a result, the new crop year is now ahead of last year by +3%. Expectations are for an even stronger October shipment number as we...

ALMOND

The Almond Board of CA released the "September Position Report" on Thursday, October 12, 2023, and we saw crop receipts seemingly explode overnight from the August position report of 70 million pounds to 625 million now received YTD. While still behind the 978 million received at this point last year, this trend will continue to build through the rest of the year and into the first quarter of 2024. As receipts continue to grow in October...

ALMOND

There was additional rainfall in some areas of the growing region last Saturday. This has further slowed down the harvest and complicated things for some growers, especially in areas where it rained particularly hard, beyond what was anticipated. With the next shipment report due out late next week, it is anticipated that crop receipts will remain significantly behind schedule...

ALMOND

With the crop so late this year, the industry is running into even cooler weather as harvest remains at a methodical pace.  I would not characterize it as a feverish pace as those cooler temperatures have slowed everything down including the drying stage once the nuts have been shaken from the trees. In addition to the late crop, there is ongoing talk of a smaller crop and higher levels of insect damage. These are two of several reasons why growers are...

ALMOND

The Almond Board of CA released the "August Position Report" on Tuesday, September 12, 2023. This represents the first report of the new crop year. Due to the lateness of this crop, crop receipts are well behind this time last year. For the month of August, only 70 million pounds were received, this is over 73% less than last year when 264 million pounds had been harvested and received by handlers at end of August. On a very positive note, despite the lack of support from growers for new crop offers (due to late crop and concern for crop yield and insect damage), new sales for August...

ALMOND

The market remains somewhat quiet, although there is business being done for nearby shipment periods. As we approach the "August Position Report" (which is the first report for the new crop year) due out next Tuesday, growers continue to assess their crops for yield and quality at the huller-sheller level. Expectations are for shipments to be north of 210 million pounds. It is hard to imagine any...

ALMOND

As we finish the month of August, the first month of the new crop year for almonds, expectations are for shipments to be north of 210 million pounds. For July, the industry ended strongly, with 187 million pounds shipped. Expectations are for this trend to continue. While the carry-out is less than last year's unprecedented 837 million pounds, 791.9 million pounds is...

The harvest activities are advancing in all the producing regions. Fresh chilli crops have begun to arrive in major market yards. Overall production is estimated to be higher this year compared to last year.

The harvest activities are advancing in all the producing regions. Fresh chilli crops have begun to arrive in major market yards. Overall production is estimated to be higher this year compared to last year.

The 2023 crop season is in the planning stage. Growers are evaluating the pricing pressure from increasing input costs over the last year. The industry is working closely to strategically plant the acres needed to meet the market demand as the window is closing for planting preparation.

The planting for the CY23 crop is ~90% complete across California with some acreage still to be planted in the West side of Fresno County, Central California, as well as Tule Lake in Northern CA.

The Red Chile harvest in Southwest US (West Texas, New Mexico, Arizona) commenced during the second week of September. The Chile crop went through a very difficult growing season with cooler weather in the initial part, intermittent hailstorms, and severe rains during the month of August and September.

Harvesting in the desert region is almost finished and has now progressed to Kern and the Central Valley. Yields have caught up, despite delayed maturity in some of the early onion varieties.

Pepper harvest in Vietnam and Cambodia has been completed. There were early rains across all of the pepper-growing regions in Vietnam. This forced farmers to apply fertilizer early.

The chilli crop has been harvested. CY22 acreage has increased by 25-30% compared to last year. However, production has decreased due to significantly lower yield because of thrips infestation.

The ofi Crop team has managed to secure sufficient acreage and volume for 2022 grower contracts to meet the anticipated increase in demand for locally grown paprika and chile.

Planting has finished for the 2022 crop in the majority of the regions except for Tule Lake in northern California, Oregon, and Washington.

Vietnam harvest has started and is expected to peak in 2-3 weeks. This means that the flow of crops coming into the market will be good through the end of April.

The crop is currently at the flowering to ripening stage. Many areas are suffering from invasive thrips infestation (Thrips parvispinus), a new challenge for Chillis where pests attack the flower.