Nuts

Almonds

The average weekly price of US Almonds as of October 29 increased by 4.1% M-O-M and rose by 24.6% Y-O-Y to $3.04/lb. The market remains very supply-focused, with growers and sellers concerned that production will fall short of the prior year, though a critical shortage is not currently being projected. Demand has been good overall, but sporadic, varying by destination and fluctuating due to more hand-to-mouth covering trends. Market participants largely expect current trends to remain through the next couple months until total supply becomes clearer, with prices expected to remain steady to firm.

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