| The almond market is becoming quite mature and where it was expected that the almond crop would grow easily above 3 billion pounds, it seems that this number won’t be reached shortly, also keeping in mind that almond acreage is not growing. Supply and demand seem to be in balance with prices moving in a narrow price range. Based on current numbers and expected shipments, the carryout is expected to be around 500-550 million pounds, which is sufficient and workable. |
| Also for almonds buyers are reluctant to cover far forward as they are uncertain about consumer demand because of the uncertainty in the world and energy prices. |
