Indian Almond Prices Decrease due to Revised US Import Tariffs and Harvest Pressure

Indian in-shell almond prices experienced a 3% month-on-month decrease, falling to $7.85 per kilogram as of September 28. This decline was influenced by a reduction in import tariffs on US in-shell almonds, which were lowered from INR 41/kg to INR 35/kg. Additionally, the ongoing Northern Hemisphere harvest season contributed to the downward price trend. Although short-term expectations suggest a continued decline in almond prices, prices could find support over the medium to long-term as global supply and demand rebalance.