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Almond Review – September 2017

Almond Crop Review for September 2017 – California – USA

Shipments   : August shipments were 168.6 million lbs. vs. 170 million lbs. in 2016 – down 1%

Demand       : +14.4% (all-time record)

Exports        : -9%

Inshell Exports : were down 42% due to the later harvest and low in-shell stocks.

Kernel Exports : were actually up 11% despite the late start.

CURRENCY:  The USD is weakened slightly further, currently at 1.20 to the Euro.

2017 CROP

Receipts YTD as of August 31 were 215 million lbs. vs. 359 million YTD 2016.  Harvest started later and hulling/shelling advanced slower due to higher hull moisture, caused by humid weather.

Nonpareil harvest is complete and even Monterey are being shook in much of the state.

Fritz is the only variety left in our area and those should be shook in 7-10 days.

High temperatures and mites caused considerable stress on the trees, with many losing more leaves than normal.  There is less chip & scratch and more doubles.

We are seeing and hearing of fields with very high insect damage, which is reflected in the state-wide inedible of 2% vs. 1.4%.    Yield reports remain inconsistent, with some of the best yields vs. last season in the later blooming areas of the west and north.

Harvest 2017 09.jpg

OUTLOOK:

The industry’s loss & exempt was adjusted upward from the estimated 2% to actual 2.26% for the 2016 crop year.  Adjusted carry-in was 398.6 million lbs. which is a minor change but psychologically positive.

We may see a higher L&E this year due to the high insect damage.

The market was soft through second half August, and then firmed heading into today’s report.  Shipments were on the high end of expectations but no big surprise.

The revelation today was the commitments of  677.2  vs. 481.8, up 40.5%. California handlers made an effort to sell off any remaining ’16 crop and continue marketing the ’17 crop.

The shipped + commited figure of 846 million lbs. (vs. 651)  brings the industry to 32.5% sold on total estimated supply of 2.6 billion lbs.

This is a very comfortable sold position for the industry and bullish news.  The seasonal increase in buying activity seems to be getting underway.

**The Almond Board corrected today’s earlier reporting of 763.6 million lbs. of commitments to the correct 677.2.  We have updated the above figures with this correction.

Feel free to contact with any feedback, questions or inquiries you have.

California Almonds – August 2017

Almonds Status – August 2017

California almond handlers ended the 2016 season with record July shipments of 154.0 million lbs. This is up 11.1% from 138.6 million lbs shipped last July. They can now tally total 2016 season shipments at 2101 million lbs, 16.0% ahead of 2015 shipments.

A few observations on the July numbers; all major regions showed gains in July versus a year ago, domestic shipments up 13% showing continued strength, Indian shipments up 16% but likely not by enough to dampen enthusiasm in the local market, Chinese shipments up 37% signaling increasing appetite as traders get back to business. In summary a strong season for demand as prices for the 2016 season remained range bound and affordable to all markets. With channels relatively empty most anticipate momentum will continue into the 2017 season.

Since last month’s report, prices have increased by about 15 cents per lb. As anticipated, heavy buying emerged after the moderate Objective forecast of 2250 million lbs and then the June report showed stronger than expected shipments. Export buyers have also been helped by a weaker dollar and there has been little reason to hold back.

Harvest has begun as the south is just starting to see the first nonpareil deliveries at the huller. Not much to report yet. Their first inshell production is showing good size, but too early to comment on yields. The general grower consensus is that it will be a decent crop consistent with the Objective forecast.

Such report will likely keep prices firm. Shipments and new commitments are robust. Over the next few weeks California will start to get a picture of nonpareil yields and a picture of 2017 crop will start to coalesce. All know, however, that a reliable number will not really known until December or so. Meanwhile the market will feed on shipment reports, which will likely be strong for at least the next few months.

 

Chilean Walnuts can now penetrate Indian Markets

With a new protocol, Chilean walnut exporters are now better placed to capitalize on the South Asian economy with its  1.2 billion people. 

While Chile has had access to the Indian walnut market since 2014, traders have not made the most of the opportunity given demands for methyl bromide treatment – a procedure that is not required by other countries.

But last week the tides changed, with Indian authorities publishing a protocol that allowed for phospine treatment instead of methyl bromide.

“This allows us to start exporting to that country with the same structure Chile has with other countries,” said Chilean Walnut Commission executive president Andrés Rodríguez.

“This is what we take as a true access authorization for India, because only a little bit could be sent when you had to fumigate with methyl bromide.”

He added while India has a significant amount of domestic consumption of walnuts, the market was only recently opening up for imports.

“India doesn’t have a volume as high as China, but it is growing year over year and because of its characteristics it’ll become a significant volume in the medium term.”

When asked about the advantages of phosphine treatment, he said the product was common in Chile and already used for other markets. In contrast, methyl bromide treatment would imply specific production for India which complicates logistics.

“Bromide requires very different fumigation chambers than for phosphine. Also, bromide is very questionable for different destination markets,” he said, adding phosphine was totally effective in fighting the pests that threaten walnuts.

Chilenut president Juan Luis Vial said this gave Chile an advantage over the U.S. which still requires the use of methyl bromide in India.

Braincloud Helps Chilean Exporters to Market their produce to Indian Subcontinent.

Braincloud India

104, 1st Floor Amore Building

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Khar West – Mumbai (India) 

Mail:  info@braincloud.in for more information. 

 

Almond Prospective for Month of February 2017

almond-inshell


The Almond Crop of  harvest year 2016 is getting consumed at faster rate.

Ending inventory declining from last year and expected to be  412 million lbs.

Prices continue trading in relatively tight ranges, with less change in the past few weeks.

More than  65% of the crop shipped and committed.

Forecast 

Strong demand, and a mixed weather forecast for the bloom,

Prices will not likely move significantly until there is a better view of the 2017 supply.

Tightness in Nonpareil supply.

 Expected larger price gap till  2016 crop year is over.

Crop Conditions and Bloom Status

Variety Dormant Green Tip Pink Bud Popcorn Bloom Petal Fall Jacket Out Of Jacket
Sonora % % % % 6% 52% 42% %
Nonpareil % % % % 20% 58% 22% %
California % % % % 18% 58% 24% %
Carmel % % % % 31% 51% 18% %
Peerless % % % % 5% 40% 55% %
Monterey % % % % 28% 53% 19% %
Butte % % % 2% 68% 26% 4% %
Padre % % % 8% 68% 22% 2% %
Serious Suppliers of Almonds from California please contact.  MAIL NOW 

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IBS Global Consulting Expands Operations into India

 IBS Global Consulting, a leading global management consulting firm headquartered in Troy, Michigan USA, is proud to announce the establishment of an affiliate office in Mumbai through its strategic partnership with India Law Offices, a top corporate law firm in India.

The strategic partnership between IBS Global Consulting and India Law Offices will enable companies that are looking to do business between the US and India to exploit the best of both companies’ core strengths in market entry strategy and international business development.

As the second fastest growing market in Asia, India has become an attractive market for many US companies. The India affiliate office of IBS Global Consulting will focus on providing local support to Indian companies looking to explore international business opportunities and partnerships in the United States, and serve as an on-the-ground resource for US companies seeking to enter this exciting and diverse market. Mr. Manish Behl, Lead Advisor at IBS Global Consulting, will serve as the lead representative and liaison for the company in India.

“We are very excited about our collaboration with India Law Offices,” says Manish Behl, Senior Advisor at IBS Global Consulting. “Our combined resources and capabilities will be beneficial for companies in both countries,” Behl added.

“We are pleased to partner with India Law Offices to extend our consulting services across India and Southern Asia,” says Tonya McNeal-Weary, Managing Director at IBS Global Consulting. “The Indian market is thriving and continues to evolve, and this new alliance with India Law Offices will allow us to better serve the needs of our growing international client base,” McNeal-Weary added.

“We at India Law Offices are excited to team up with IBS Global Consulting,” says Gautam Khurana, Founder and Managing Partner at India Law Offices. “The Indian economy is growing at a tremendous pace and we see IBS Global Consulting, with its entrepreneurial spirit and creative vision, as a great partner to bring in tremendous opportunities for the Indian market,” Khurana added.

IBS Global Consulting will join forces with its Mumbai office, which will allow for the integration of their respective services, as well as collaborative marketing activities and events.

About IBS Global Consulting
IBS Global Consulting is a global management consulting firm that specialise in helping small and medium-sized companies expand internationally. With offices in the United States, Canada, and United Kingdom, and strategic partners in over 30 countries across the globe, IBS Global Consulting offers foreign market entry, business development and marketing consulting services to clients worldwide.

About India Office
India Offices is one of the leading full service corporate law firms in India providing quality legal and professional services to clients and businesses around the world. India Law Offices specialise in inbound and outbound investments, incorporation and setting up of businesses in India, mergers and acquisitions, joint ventures, franchising and licensing, and venture funding.

Contact Manish Behl 

Call : +91 9819029220  or mail  mbehl@ibsglobalconsulting.com 
To learn more about IBS Global Consulting, visit http://www.ibsglobalconsulting.com. 

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Red Onion and Fresh Vegetables for Exports

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Size:  70 to 25 mm and Shallots. Type: Red Onion and Round

Packing :  50kg , 25kg, 10kg, 5kg and small bags both in Jute and PP bags

 
We have Pre-cooling and Processing plant for Bananas, Pomegranate,  Okra, Bitter Bottle Gourd and other Vegetables. 
Contact manish@braincloud.in or mbehl1@gmail.com +91 9819029220

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BrainCloud Looking for Partnership

Business-Partnership-bannerBrainCloud looking for Partnership with for following.

  • Mega Food Park

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  • Cold Chain Logistics

  • Sustainable Power Projects

Interested Parties please contact us on info@braincloud.in

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INDIAN LONG GRAON 25% BROKEN RICE 

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Raw Whole Cashew Nuts

Cashew

 Specification :-
1- Out-turn / Yield 47 to 49 lbs
2- Nut count 160 to 180
3- Moisture / Humidity: 12%
4- Foreign matter : 5% max
5- Defective 3% Max
6- Packing : 80KG Jute Bags
7- Quantity Available: 3000 MT.
Crop season in West Africa is from Jan  to June 2016. Contact info@braincloud.in