Show marktreports:
15.03.2012 Almonds
The almond market is currently a one-way street and there are currently no signs that this will change in the near future. The latest numbers were booming and up 30% compared to last February and the year-to-date numbers are up 13%. This is in line with the needed increase to market a crop of approx. 2 billion pounds. Buying activity from the Middle East is strong with already quite some loads on their way for Ramadan.
Blooming of the new crop looks good and only very little problems due to some frost were reported.
It seems that the almond market is becoming a very stable one and maybe the most stable of all treenuts. This fact in combination with the good prices (compared to other Treenuts) are a good sign for the future.
22.12.2011 Almonds
Where most buyers still believe that prices will drop, shipping numbers and commitments are saying the opposite. Sales are still strong and keeps the almond industry, even in these difficult times, on schedule to market the 1.95 billion pounds. Strong demand still mainly comes from China and is expected to slow down due to Chinese New Year. This together with information about a good bloom may give some relief. Bad news about new crop (talks started already) will most probably cause increases. All in all we expect this market not to change too much and with almonds being the most attractive priced nuts we recommend to continue forward booking for this item.
8.12.2011 Almonds
The Almond Board of California has released the November shipment numbers. The shipments November 2011 were 213 million pounds. This is an increase of 40 million pounds in comparison with 2010 figures where they shipped 173,3 million lbs. Also the year to date shipments are approx. 10% higher than 2010. Almonds are still a good buy and this is not expected to change dramatically.
27.10.2011 Almonds
For the first time this season spontaneous offers from California are seen for November/December shipments. Europe was quite slow on demand, where most sales concerned inshells to other destinations beside Europe and kept the market moving. Where sellers are offering small sizes there is still some reluctance with offering big sizes due to earlier mentioned weather conditions during harvest and good shipment numbers last month. Some buyers keep saying that prices must drop sharply in the coming months, but till now we only increasing prices are seen.
30.09.2011 Almonds
The almond market is in balance. Not much demand and also not much offers are seen. The prices are still firmer than expected by buyers and the next shipment numbers might cause some relief. After these 2 weeks there is also more to be said about the crop and sizes. Not the total crop size in California is the question nowadays as it could be even bigger than earlier expectations, but the sizes of the almonds. This might cause price differences and the big size buyers will be on the expensive side.
8.09.2011 Almonds
The almond market is quiet. Local demand is increasing but offers are hard to get and at high prices. This differential might get bigger in the coming weeks, as we are still facing a big new crop.
The Shipment numbers for August will be released tomorrow and could cause some relief for the new crop.
26.08.2011 Almonds
There is not much happening in the almond market. Availability in Europe is tight. Demand is fading away and most buyers seem to wait till new crop offers are at the requested levels. Some traders in California keep talking about high prices (NPS 23-25 around $ 2,50/lb.), but this can also be a position driven price.For the coming weeks we expect only the shipment numbers of July to be of influence. Which is expected not to be good. It could be a good start for buyers to enter the market.
11.08.2011 Almonds
The shipment numbers for July will be released tonight and this is likely the start of getting offers from California as most of the sellers have been reluctant with offering after the massive objective crop estimate. With an expectation of good numbers and the start of harvesting in the Southern regions offers were rare during the last weeks. Prices for new crop (be careful in the coming weeks with talking about new or current, but please use 2010 and 2011 crop) were still below 2010 crop and are not expected to change a lot on a short term. It could be recommendable to wait a couple of weeks when you are one of these buyers that took part in the huge shipment numbers of the past 2 months.
14.07.2011 Almonds
What a shipment number can do. Amazing! A week ago most buyers opened their bottles of champagne after the objective crop estimate of 1.95 billion pounds and found themselves in a luxury position. Some sellers/processors were talking then already about offering only after the June shipment numbers, but buyers were convinced, 1.95 billion would be hard to sell and supportive prices (read more interesting prices) required. Tuesday (July 12), the June 2011 shipment numbers were released and they were extraordinary. 135 Million pounds were shipped, a 38% increase in comparison with June 2010. Sales were up in the Middle East (72%) where buyers were covering their Ramadan demand but also other origins looks positive. Also the total shipment figures for 2010 crop are up approx. 15%!!
Could it be that the negative talking’s about the 2011 crop has had an influence on the buying attitude of buyers and this be the reason for the excessive June shipment figures?? For the time being it might be better to wait and see a little more how crop is coming in and just cover hand to mouth. Sellers understand that they have to sell to move a 1,95 billion pounds crop (some are talking even 2 billion plus!!) and when buyers can stay away long enough, prices should come down. Buyers could use this time to consider what a fair price is, knowing that there are enough almonds to cover their requirements. Sellers could use this time to consider what a fair prices is, keeping in mind the growth of demand for Almonds worldwide and, being aware that Almonds will be (again) the cheapest treenut for the coming season.
1.07.2011 Almonds
Sellers and buyers are not active at the moment. The objective crop estimate (OCE) is postponed till 6 July and will give direction to the market. The subjective crop estimate was 1.75 billion pounds and when the OCE will not be more than 1.75-1.83 the expectation is that prices will increase for new crop. Prices are now around $0.15-$0.25/lb below the current crop prices. When the OCE will be between 1.83 and 1.88 billion pounds it is expected that prices will remain the same, and question will be when current crop levels and new crop levels will meet. A decrease of prices is only expected at levels above 1.88 billion pounds. We all hope for a continuation of stable prices at current levels that are good for buyers and sellers.
16.06.2011 Almonds
The May shipment figures came out at 130.4 million pounds, i.e. approx.. 40% up from the May shipment figures of May 2010. Due to other nut prices being very high, Almonds became very competitive and gaining quite easy, a lot of interest. Due to this big number, sellers are not in a hurry to sell and even do not worry that they cannot sell the bumper crop of 2011 (expected to be around 1.8 billion lbs!!). Prices increased a little bit on the above news. Our advice is to buy hand to mouth for the moment and await further developments. Hopefully the objective estimate early July (is delayed a little bit due to the delay in crop development) will give some relief and more interesting prices.
31.05.2011 Almonds
As written in our last market report, the almond market firmed up and prices are increasing slightly week after week. We expect this will continue till the new shipment numbers are released at the 10th of June. Expectations for May shipments are good and might even be the next step to higher prices. This will most probably continue till June 30th when the objective crop estimate will be released.
19.05.2011 Almonds
The almond market is getting firmer every week after the subjective crop estimate. Expectations are that, at least till the 30th of June, this situation will hold. Till that date we have only 1 factor which could have an impact and that is the release of the May shipment numbers. The industry expects these to be high again. New crop development is good, although not good enough to prevent prices to increase again. It might be recommendable to buy hand to mouth.
6.05.2011 Almonds
The SUBJECTIVE crop estimate for 2011 crop is released and the number is 1.75 billion based on 750,000 bearing acreage. The yield per acre is expected to be 2.330 lbs/acre.
The almond forecast is based on the following:
-Random Sample of 486 Growers
-Good response from 375, representing 27% of the total bearing acreage
-Stratified by Size so all growers and areas are represented
-Contacted by Phone: April 21 –May 2
-Based on opinion of Growers
-Only as Good as their estimate
In the last 3 years the objective report (this year on the 30th of June) was around 10 billion lbs above the subjective crop expectation.
Expectation is that this low expectation will have an effect on the market until new crop and prices to increase slightly in the coming months. Prices already moved up a bit after the estimate came out.
With the same increase in consumption like last year, the market will need at least this number. But if the subjective numbers are having the same difference compared to the objective like last year, we can see the same thing happening and prices may drop after the 30th of June, because an 1,84-1,85 billion crop seems to be far enough to cover the needs even in a growing market. Compared to last year the expectations on other nuts are better too and prices for most of the substitutes expected to come down. This would make the need of the ‘cheaper’ almond less important.
Recommendation: it could be recommendable to cover a percentage of the needs for the coming year, because prices are on average at interesting levels, especially compared to other nuts.
18.04.2011 Almonds
After the shipment numbers last week, which were higher than some buyers hoped for, prices firmed again. Prices may firm even further as packers / sellers from California will use this as well to their benefit. The question will be how long this is possible as new crop expectations are brilliant. The political turbulent period in the Middle East and hand to mouth buying in Europe has led to less than expected exports to these countries. Total exports to date, however, are 9.6% higher than last year. Taking the 2011 crop forecast into consideration the same increase will be needed for the next season. One thing that will help is the still very attractive price level of almonds.
Almond prices are still very attractive compared to prices of other nuts. The trend in the industrial market clearly shows that there are significantly more almonds used in the chocolate / ice and the bakery sector. On the one hand it is advisable to have a close look at your needs and perhaps book something, but taking the big crop in consideration prices may ease later on.
8.04.2011 Almonds
The almond market is a lot easier since the past week. The pressure on the prices was felt for months already, but only occasionally effecting the prices. Due to very good new crop expectations some traders and packers are now trying to get rid of their stock and it seems that a repeat of last year will take place. Last year a price decrease was seen and in July we reached the lowest levels, but some things are different. The new crop forecast is now much higher and the harvest is expected later than last year. This results in prices for prompt shipments being significantly lower than the price levels of 2-3 weeks back, some even USD 0.20/lb lower. The question remains where it will end and whether those who have purchased hand to mouth will enter the market now. Prices for new crop are about 10 cents lower. This makes it attractive for buyers to cover at least a part of their needs. It might also be recommendable to have a look at the fourth quarter to make sure that supply is guaranteed.
3.03.2011 Almonds
Constant pressure on prices during the past 2 months resulted in some business done at levels $ 0,15-0,30 lower. This dip in prices however was just short term as the current weather conditions gave a good incentive to increase prices. Consequently, prices are back at the levels of the beginning of January. Latest news about a lot of rain, some frost and less bee flying hours will definitely not help prices to ease as it gives suppliers a good reason to keep prices high for the moment. Next Thursday the shipment reports will be released and until then and most probably for a little longer prices will remain fairly firm.
10.02.2011 Almonds
We are awaiting the January shipment figures which will be reported today. We are expecting good numbers again which could cause some short term price increases. Nevertheless, the general trend line for the coming months is downhill! Demand is limited and first indications on the new crop (depending weather conditions obviously) are very good (crop potential of 1.7-1.8 billion pounds). Some exporters are becoming a little bit nervous and would like to move some stock. It might be an interesting moment to present some bids to them. The only remark we have to make is that the Islamic countries will have to cover their Ramadan requirements before arrival of new crop. This demand might bring prices up a little bit.
17.11.2010 Almonds
The shipment numbers for October were extremely good with a record of 189 million pounds (up 12% in comparison with Oct 2009) and, as expected, prices are firming again. European demand is picking up although the question is if this is because traders are taking positions (expecting higher prices later on) or because of real inquiries. In the world of Nuts & Dried fruits a new trend is developing, i.e. buying hand to mouth. Products are relatively high priced and actually it is seen as a big risk to take positions for long term as markets are very volatile. This seems valid as the upward price trend seems to hold and is even fuelled by information about bad weather conditions during harvesting. The question is a little bit how long this situation will hold as the shipment figures are impressive, but we should not forget that this is also partly the case due to the delayed crop. The expectation is that shipment figures for November will be strong as well due to Thanksgiving and Christmas needs, but the December and January shipment figures might be very important for the further price development. Disappointing shipment figures can easily have a downward effect on pricing as buyers should not forget that we are still looking at a bumper crop!
20.10.2010 Almonds
Due to the good export figures of September, prices moved up a couple of cents just after the report came out. As most buyers didn’t show interest (also China lost interest), sellers discounted their prices to levels just before the estimate. California definitely has a good crop. Will it be as good as indicated by CASS? We will know in a couple of months time. As Almonds remain one of the cheapest treenuts we expect good continuous demand and more or less stable prices.
24.08.2010 Almonds
Market has been quiet and not much happening. Prices are more or less stable. Crop is delayed a little bit, 10-14 days. The impact of this slight delay can be denied as the carry in of the 2009 crop is sufficient to fill in the gap. The arrival of the Almonds to processors might put some pressure on the processors to sell. This is only expected when demand is limited.
11.08.2010 Almonds
The July shipment numbers are with 121 Million lbs. much better than expected. In the past weeks is a lot speculated about this numbers, but the reluctant sellers indicated something. On the other hand, it is a lot, but a lot of sales is needed to get rid of the ca. 1.9 Billion pound which are available for the coming season. How long are the buyers able to sit back and wait, that will be the question now. Because prices can come down, as we have seen a month ago, but on the other hand can be back at almost the same level in 3 weeks. Of course we are not sure what will happen today and the weeks after, but or the sellers, or the buyers have to have an eye for the position of the other to make sure we don’t have opposites and to make deals with a smile on both sides.
29.07.2010 Almonds
In the past weeks it became clear that there are some uncovered positions and as such buying interest, but it became very clear that buyers are not ready to buy at too high levels. After the unexpected high estimate and the disappointing export numbers of June prices fell and demand appeared to be there. Demand stimulated prices to move up in the two weeks after, but consequently demand decreased with the same speed as it came.
Question will be, how much is booked in this short period of fairly low prices. This will become clear later when the July shipment figures will be released, but sellers being reluctant to offer might indicate something.
13.07.2010 Almonds
How will 2010 be remembered in the future? As a seller’s market or a buyer’s market?
Till last week, definitely as a seller’s market, but it seems buyers have what they want as such and the opportunity to take a deep breath now. The objective crop estimate 2010 was released on July 8 and was much higher than expected. The new estimate is at 1.65 billion pounds instead of the earlier mentioned 1.53 billion pounds. A lot can be said, but we don’t want to waste your time. 1.The new shipment numbers of June are good, but for the moment not good enough to break the current downward trend on prices. Especially when we take the 44% increase to the European market in June into consideration. 2.The domestic shipment numbers June 2010 are the best June numbers ever with 39.68 Million pounds. 3.The export numbers decreased compared to May 2010 with 28.5% to 58.09 Million pounds and this makes the total shipments numbers June 2010 97,77 Million pounds, which is the third best ever. Current price levels (as far as known already) will most probably result in better shipment numbers in the coming months, main question is when will the buyers enter the market again. As a French saying says: ‘ l’histoire se répète’ (history is repeating itself) it seems that we will have a coming year like the past year.
8.07.2010 Almonds
Not much to be reported on USA Almonds. We are awaiting the objective crop estimate announced at July 08, 2010 and the June shipment figures to follow on 12th of July. Soonest those figures are known, we will inform you.
11.06.2010 Almonds
The new shipment numbers were released last night and are special this time again. As in April, the shipments are second best shipments ever for May. Nonetheless the trend of second best shipments isn’t helping the market. The disappointing figures are caused by the sharp decrease (86.3 million pounds in 2009 versus 52.7 million pound in 2010; 39% down) in export shipments. This decrease cannot be mediated by the increase of domestic shipments (39.6 million pounds in 2009 versus 33.0 million pounds in 2010. As such total shipments are down by 23% from 119.4 million pounds in 2009 to 91.9 million pounds this year. Due to these figures prices are expected to ease further. It remains a bit a question mark how long that situation will hold as almonds are quite attractively priced compared to other nuts.For the moment there is quite some product available on the spot as there are some rumors of containers sitting in the port. Besides that the weak Euro is not helping importers to make long term commitments. Above all this China is also a reseller in the market and some processors are trying to sell off some of their product. The NASS’ expected objective crop estimate is a bit later due to a late maturity of the crop. Instead of 30th June it will be 8th July. All conditions for new crop are looking very good.
12.05.2010 Almonds
After the subjective estimate of last week, which showed an increase of approx. 8,5% against 2009 crop of 1,53 billion pounds, shipment figures of April were published and are as follows: - April 2010 shipments were 105.6 million lbs. - Down 5.4% from April 2009 shipments of 111.7 million.- Domestic shipments were up 16% and exports were down 14%. This is the first time this crop year we experience lower, than previous season, export figures after the September export figure which was ‘only’ down 0,4%. Buyers are withdrawn from the market as they are waiting for lower prices to cover now. Unfortunately for the European buyers, the exchange rate of Euro/Usd is not helping them at the moment.
7.05.2010 Almonds
Every year NASS (National Agricultural Statistics Service) is calling a substantial part(28%) of the growers in California and asking for their opinion about the crop forecast for next season.
The new crop is expected to be 8,5% higher than the 1,41 billion pounds of last year and will be 1,53 billion pounds. The expected bearing acreage will be around 740.000 for 2010. This is for the second time in row an increase of ca. 20.000 per year. In the past few months a lot of reasons were heard for possible damage to the new crop like less bee activity, high winds and due to that some tree loses, frost in various districts and even wet weather. Positive thing is that due to cold weather the insect damage is low. Overall, the quantity of the new crop is expected to be good and quality also. We look forward to a great season.
29.04.2010 Almonds
There is not much demand on Almonds. Stocks in Europe are sufficient and it is easy to find good offers. Most buyers are curiously awaiting the first subjective estimate to be announced next week, May 06, 2010. We will keep you posted. We are receiving some interesting offers from re-sellers which are available on request.
14.04.2010 Almonds
The shipment numbers for March were almost the same as last year March. Overall the exports out of 2009 crop are still almost 16% higher than the total export figures until March 2008. This is having an impact on the market. A couple of remarks are worth to be mentioned: 1. Last year the Chinese imported approx. 28 million lbs in the period May-July. This year they have not been active since the beginning of February. The question is: When/If they will enter the market this month or do they have enough inventory for the time being? If they will start buying prices easily will move up. 2. The crop 2010 forecast is looking more and more promising. As they first forecasted the 20910 crop to be below 2009 crop, now they are indicating the crop to be at least similar and most probably better than 2010 crop.
In Europe there are traders still sitting on inventory which they would like to sell. Buyers are aware and not in a hurry to cover. Prices are fluctuating a little bit but with the current available information and lack of demand, buyers will relax and try to get the market down by staying out of the market. It is a bit tricky keeping the above in mind. When demand will pick up prices will increase but when buyers can be patient, prices might ease.
31.03.2010 Almonds
The market on almonds is quiet due to slow demand. Buyers (and sellers) are awaiting the March shipment numbers. When those numbers are significantly different than expectations market might move. Otherwise it will stabilize for the moment. The first subjective estimate is expected early May 2010.
17.03.2010 Almonds
The market of USA Almonds is becoming a little bit easier. The export figures were less (although not significant) than last year. Sellers are willing again to offer some product while buyers are awaiting the market to ease a bit further as there are more signs that the 2010 crop will be okay. First the market was worried a little bit as weather was not perfect during bloom but now the first rumors are indication a 1.5 billion lbs crop. We have to be patient and await the 1st subject estimate to be announced on May 06, 2010.
4.03.2010 Almonds
Market is very quiet and not much happening. The important numbers and indications for the near future are the February shipment figures and the first new crop indications based on the blooming reports.
The shipment figures will be important to for the further developments. When numbers are new records and the crop estimation average we might see another price increase. The Almond industry than has to ask themselves the question how far they can go to find buyers resistance as we are experiencing this now already.
Currently buyers do not have much alternatives as most nuts & dried fruits are high prices.
16.02.2010 Almonds
Next year is the year of the Tiger in China, which stands for a powerful and adventurous year. The question is, will this be seen in the almond market. Will China keep on buying as powerful as in the past year. The shipment numbers of January bring total shipments for the season to 841 million vs. 696 last season, up over 20%. Going forward if Feb-July shipments keep pace with last season, carry-out will be in the range of 200 million lbs.
If we ship similar volume as Feb-July 2009, or heavier, availability of certain varieties, grades and sizes may get tight during the August/September transition period.
On the other hand we also see some Chinese resellers offering Almonds , which are a few cents (0,05-0,20) under the prices offered from California. It is a big question mark whether these are incidents or if this is a trend.
First indications of the new crop will become available shortly. Blossoming started in some areas and with the weather forecast (see the figures) for next week, the orchards will bloom around the valley shortly.
8.01.2010 Almonds
After the quiet time at the end of December the market is waking up again, but despite the inactivity prices haven’t decreased. This is mainly caused by the suppliers in the US who are sitting back and as such are keeping the market short. This might result in even firmer prices. For the moment we have to wait for the new shipment numbers of December, in order to know more about what is going on in China. When they continue to buy and if the dollar exchange doesn´t change, we can expect high prices for the coming season.
18.09.2009 Almonds
The shipment figures for August were again promising for the Almond industry. The Almond Board has done a fantastic job over the past years by creating awareness of the health claims of the Almonds creating more and more demand. This is paying back now with more or less stable prices and good demand worldwide. Although the crop is a bit lower than last season, prices remain more or less stable with a slight firmer undertone, especially for the NP variety which is down in quantity.
21.08.2009 Almonds
Last week we received the latest shipment update from the almond industry, where they announced a new record for the month of July. This year’s July they shipped 121 million pounds of product, which is an incredible achievement and about 21% more than last year. The domestic shipments were up by 18% (39 million pounds) and the exports were up by 23% (81 million pounds). As such the shipments the of 2008 crop have ended with a total of 1.389 million pounds which is an increase of 10% compared to last year. Nevertheless we are still looking at a carry-over of over 400 million pounds of product.
The market of almonds remained fairly quiet during the last weeks, which can be said for most markets as a lot of buyers are still on holidays. Nevertheless earlier this week business was picking up a bit again, mainly from Asia, which has been one of the main growing markets of last year’s campaign. Europe seems to be very low on inventory and some activity might be expected from this market. Almonds are still very attractively priced and as such stimulate demand. It is expected that the August shipments will be very strong again, which might be an incentive for a bit firmer prices. Our recommendation is to at least cover yourself for 50-60% for 4th quarter. Prices are available upon request.
27.07.2009 Almonds
California had again a record shipment for June 2009 at 118.435 million pounds. This means that year to date shipments are up approx. 9% in comparison with the previous season. With a carryover of approx. 435 million pounds and a crop estimated to be 1.35 billion pounds (of which we have to deduct 3-4%), the 2009 crop would not be sufficient to fill in 2008 crops shipments. Those developments caused prices to increase a couple of % and are not expected to come down for the moment. It will depend on the coming months demand and shipment what way the market will go but keeping the current facts in mind it might be wise to take a cover until December 2009.
Current price ideas are as follows:
NPS 23/25 Usd 2,25 per lbs
Cal/Carmel SSR 23/25 Usd 1,40-1,45 per lbs
Bl. St. 5% Usd 1,10-1,15 per lbs
15.07.2009 Almonds
The market of USA Almonds is slightly firmer after the objective crop estimate. The continuous good sales figures are convincing the USA industry that they 'easily' can sell the 1.35 billion crop as estimated. It looks like more buyers are sharing their idea as we have seen quite a bit of interest for the 2009 USA Almond crop. It could be of interest to
cover the first new crop shipments, i.e. September/October to make sure that you have first new crop and await further developments
29.06.2009 Almonds
03.07.2009 Earlier this week the objective estimate came out at 1.35 billion pounds, which is 7% less than the subjective estimate. Reason for the estimate to be down is the difficult wet spring affecting blooming stage and the low temperatures caused some damage in particular areas. Apparently the crop is 2 weeks behind which could put some pressure on the prices of larger nuts as these are scarce out of current crop. For new crop there should be plenty larger nuts, but as prices are lowish at the moment the processors might try to gain some higher prices by keeping the market short.
3.06.2009 Almonds
The almond market is very quiet at the moment. The crop is currently progressing nicely and it seems that the water will not be an issue. It might affect the Western part a little bit, but that is negligible. Most growers expect the crop to be around 1,3 billion pounds, which is quite a bit smaller than the estimate of 1,45 billion pounds. The growers say that there is not as much fruit on the trees, but this does not always mean that the crop will be smaller as fruit might grow bigger. For the moment supply seems to be ok, but the bigger sizes might become a problem later on as the main part of the carry-over will consist smaller grades like 34/36, 36/38 or even smaller. These grades are very difficult to trade as these cannot be used by most of the customers. Prices at the moment are around USD 2.35 for NPS 23/25, USD 2.20 for NPS 27/30 and USD 1,35 for Carmel SSR 23/25.
15.05.2009 Almonds
The subjective Almond crop estimate was released on May 08, 2009 by the CASS (California Agricultural Statistical Services) at 1,45 billion lbs. This number is based on 710.000 bearing acres. Although the weather conditions were not ideal during bloom, the number is still okay. Keeping in mind the bumper crop of 2008, the carry over into the 2009 crop, supply should not be an issue for the 2009-2010 season.
Based on the good export figures prices went up but based on current numbers it would not surprise us when prices would stabilize.
23.04.2009 Almonds
The shipment figures of March promised once more that USA Almonds remain of interest to the customers. Whereas the world is experiencing a financial difficult situation the consumption of nuts and especially Almonds remains goods. Records are broken in the domestic market and export market and year to date shipments are promising. Because of those numbers, the market firmed.
Also the first report of a big trader in California, indicating the new crop to be around 1.3 billion lbs caused increasing prices as growers and packers realized that the carryover would be there but mainly on small sizes and ungraded sizes as Bl.St. Current price indications are: NPS 27/30 AOL – Usd 2,10-2,15 per lbs
NPS 23/25 AOL – Usd 2,25 per lbs
Prices for new crop are on average Usd 0,10-0,15 per lbs higher than current crop but sellers are becoming more reluctant to sell forward as they prefer to wait how the market will develop further.