Almond Market Update January 2022 Week 1

The global almond prices decreased this week, following record precipitation in California and an increase in the pace of shipments. These two positive indicators most probably helped with the reduction in prices. Significant rain and snowfall were seen across California in December, most of which was during the final two weeks of the year.  

Almond Market Update January 2022 Week 1

Forward shipments have been reported at $1.99/lb for March until May and then $1.98/lb from May until July. Additionally, there have been reports that the November and December shipments will be ordered at $2.10/lb.

So far, it has been concluded that California is probably confronting a carry-out this year of around 800 million lbs if shipments continue to operate the way they have throughout 2021. But this isn't something to be overly worried about. Most industries have already accepted this fact.

The 2020-2021 crop year ended with a record of 608 million lbs, and shipment records had been made for 11 out of 12 months.

As it is, we were able to obtain this week's price for almond in-shells and kernels which you can see as follows:

  • STD5 @ 1.92 FAS

  • NPX 30/32 @ 2.29 FAS

  • NPX 27/30 @ 2.44 FAS

  • CTS 27/30 @ 2.19 FAS

  • CAL SSR 27/30 @ 2.11 FAS

  • BPSSR 27/30 @ 2.09 FAS

  • NPIS @ 1.80 FAS

  • MIS @ 1.29 FAS

  • INIS @ 1.62 FAS

Please note that these are all indicative numbers.



Constantinos Cardassilaris