Blue Diamond's take on the April position report:
April shipments exceeded market expectations for a second consecutive month. Both export and domestic shipments turned in a strong performance to increase the shipment pace over last year while improving expectations for a carryout at or below 500 million pounds. Market activity had been limited with buyers waiting for the Subjective Estimate for price clarity and confidence. Buying activity is starting to pick up with that estimate behind us confirming market expectations for a 3.0 billion pound crop. The demand outlook is positive as buyers look to cover their remaining needs of current crop supplies to ensure a smooth transition to the new crop. This should provide for stable to firmer pricing in the coming weeks.
https://bdingredients.com/blue-diamond-almonds-market-report-may-17-2024-2/
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Blue Diamond's take on the April position report:April shipments...
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