Welcome to your Bountiful Almond Market Update.
๐ค 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.
๐ฑ 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 ๐ป computer browser.
๐ 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 ๐ 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](https://blog.bountiful.ag/hs-fs/hubfs/Screenshot%202023-09-27%20at%2012.54.42%20PM.png?width=1362&height=1056&name=Screenshot%202023-09-27%20at%2012.54.42%20PM.png)
๐ข 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 ๐ below you'll see the ranking by volume for 2023 Top 10 Export Trading Partners:
- As of September 27th
- August
![Bountiful Platform, Export screenshot](https://blog.bountiful.ag/hs-fs/hubfs/Screenshot%202023-09-27%20at%203.03.01%20PM.png?width=720&height=560&name=Screenshot%202023-09-27%20at%203.03.01%20PM.png)
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?