Market Reports Archive

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.