Stalled Market for Almond Kernels Since October 2022 in the US

The almond kernels market has stalled in the US since October 2022 due to the loss of strength of the dollar. The demand for the standard 5% grade has increased, while higher grades have low demand. Buyers tried to make the market consider releasing volume at lower prices due to the low demand. While peelers question if they will continue to process in-shell as the cost exceeds the price they received. In W46, prices are low at NPX USD 2-2.25/lb for calibrations 23/25, 27/30, and larger sizes.