Weekly Almond Market Update: 02/02/23 to 02/08/23
I'm speaking at a Western Growers event in Modesto later this afternoon. Any chance you'll be there? I'll also be in Tulare at the World Ag Expo next week, if you're going let me know I'd love to see you.
This week we're covering:
- Port damage in Turkey post-earthquake, how many almond containers were impacted?
- January Position report out tomorrow
Keep reading for this week's latest or sign in to the Bountiful platform to access your Agriculture, Market, and Community data-driven insights.
👀 A port fire brings port closure
Using weekly export data to uncover impacts on almonds
Following the news of the earthquake that devastated lives and communities in Turkey and Syria early this week, was news of a port fire that broke out in Iskenderun.
The fire resulted in the operational closure of Iskenderun port. Forcing major shipping lines, such as Maersk and CMA CMG, to find alternative options for containers on the water and possible recovery of containers delivered to Iskenderun port.
All this news made me wonder how many California almonds if any, were possibly sitting or on their way to Iskenderun.
Insert Weekly Export data to help uncover the number of containers going into Turkey + the ports those containers are headed to.
In the last 90 days California almonds, both inshell and shelled, have gone into 3 main Turkish ports: Mersin, Izmit, and Evyap. Avoiding Iskenderun all together.
The total number of TEUs shipped, from November to January, for each respective port in Turkey are as follows:
- Mersin: 246.75 TEUs
- Izmit: 37 TEUs
- Evyap: 21.67 TEUs
Based on the data, from what we can see, there should be no direct impacts to California almond container imports into Turkey.
If you have different news or have been impacted, email me I'd love to talk with you.
✍️ January Position Report Out Tomorrow
Let's talk about the almond market data-driven indicators you can use now to separate signal from noise.
Seems appropriate as you prepare for the release of January's position report tomorrow!
Your almond market data-driven indicators to use now:
Subscribe to Weekly Almond Update for the latest almond market intelligence and industry news.