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Weekly Almond Market Update: 9/21/23 to 9/27/23

Welcome to your Bountiful Almond Market Update. 

๐Ÿค“ Before I get into the usual intro. Correction on last week's email where I referenced an article saying "The lower tariffs resulted in cost savings to Indian buyers, decreasing In Shell cost by about $0.16/lb, and Shelled cost by about $0.53/lb (source)."

We found an error in the conversion in the original article. We contacted the author and the article is now updated. Per the update, In Shell cost decreased by about $0.03/lb, and Shelled cost decreased by about $0.11/lb.

Bountiful Almond Market email updates are sent weekly on Wednesdays, the same day Bountiful Market updates with new data. You can subscribe here

๐Ÿ“ฑ We created a Bountiful Almonds Community on What's App, you can join us here

This week we're covering:

  • A demand update... Looking ahead to September Exports

  • September's Almond Position Report, out in just over 2 weeks

  • Rain in the forecast later this week
Keep reading for this week's latest or sign in to the Bountiful platform for your almond market data-driven indicators. Friendly reminder, Bountiful platform is built to operate BEST on your ๐Ÿ’ป computer browser.

๐Ÿ‘€ A demand update...

Looking ahead to September exports, will they beat August?

Crazy what can change in a year... Last year during this time ports were blocked and exporters in the almond market had a difficult time getting access to shipping export routes.

Seems that's all behind us this season and I'm wondering if we'll see a return to "normal" demand patterns in the almond market this 2023 marketing year.

Will September's shipments increase over August?

Below ๐Ÿ‘‡ is a screenshot of Monthly Shipments for September from Bountiful Market 2019-2022. 

I'm sharing this to highlight the "normal" demand patterns typically seen in the almond market, August through October. With the exception of 2022.

Bountiful Platform Screenshot, monthly shipments

๐Ÿšข Where are we now for September Weekly Exports?

If you've been subscribing to Bountiful's Weekly Almond Market updates, you know by now that I'm not giving you this answer.

Why not? Because these market updates are sent to Bountiful's free and premium subscribers. And Weekly Exports, are exclusive to our platform Premium Subscribers. Only they get to see that data in Bountiful, Market

I will however share with you where we're at for total export trading partners and the top 10 export country rankings for September. 

2023 Total Export Trading Partners:

  • As of September 27th: 46, down -23.33%
  • August: 60 

And ๐Ÿ‘‡ below you'll see the ranking by volume for 2023 Top 10 Export Trading Partners: 

  • As of September 27th 
  • August

Bountiful Platform, Export screenshot

How do your trading partners by volume compare to the Top 10 Export Trading partners from Weekly Exports? Are you trading with fewer partners this month?



๐ŸŽ‰ September Position Report Release

Almond Board of California will release the September 2023 position report in just over 2 weeks, it's out on October 12th.

You can expect an email from Bountiful as soon as it's out, letting you know new data is added to Market for you!

๐ŸŒง๏ธ Rain coming to the Central Valley

Starting this Friday, September 29th 88% chance of patchy rain coming to the Central Valley through Saturday. 

You can keep up to date and prepare your farm operations at Bountiful Weather


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