Almond Kernel Market Prices Decline in U.S. and Australia

Almond kernel prices in the United States and Australia have dropped by USD 1,02 to 1,08 per kg in the last two weeks. The market remains well-stocked with old inventory, reducing concerns about immediate supply shortages. Despite this correction, experts suggest that traders should hold onto their stock as the long-term outlook remains strong.

Importers Delay Deliveries to Lower Prices

Large importers are slowing deliveries and using speculative tactics to secure almonds at lower prices. Over the past six weeks, almond kernel prices surged by USD 1,80 per kg, reaching USD 10,03 to 10,10 per kg before this recent decline. The market sentiment suggests that importers are attempting to distort prices to secure better deals in future shipments.

Supply and Demand Trends in the U.S. and Australia

Whole almond prices have stabilized at USD 6,10 to 6,20 per kg. Major Indian trading hubs such as Delhi, Mumbai, Kanpur, Amritsar, and Ludhiana have already cleared significant amounts of old stock.

Reports indicate that old almond stock levels in Australia are running low, adding to potential supply constraints. The combination of reduced production in the United States and Australia could impact international supply chains in the coming months.

Future Market Expectations

With three to four months left before the new California crop arrives, traders anticipate minor price fluctuations. Reports indicate that unfavorable weather conditions have reduced almond production in the United States, which could drive prices up later. Australia is also reporting lower stock levels, which may contribute to price recovery. Meanwhile, thick almond kernels from Jammu, India, have seen reduced availability, adding to potential supply constraints.

Conclusion: Price Volatility in the Short Term, But Long-Term Growth Likely

Despite the current price drop, the long-term outlook for almonds remains positive. Market analysts expect prices to rebound to USD 10,20 per kg, given lower global production and increased demand. Traders are advised to monitor the market closely and avoid premature selling, as prices could recover in the coming months.

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