US Almond Sales Expected to Slow Down in October Due to High Exchange Rate

US almond markets have been facing difficulties mainly with the exchange rate, where the USD continues firming against the euro and pound. Although raw material prices will range from USD 0.30/lb and lower, buyers will still suffer due to the exchange rate. Thus, California has to reduce the almond price to improve demand and aid shipments with a large carryout, which is hindered by the lack of new crop in-shell shipments. California hopes for strong Diwali sales starting on October 24th, as India is perhaps the shortest market that could bring in robust demand for November.