Price Trends of Almonds in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Almonds price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of the Almonds can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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The almond tree, sometimes referred to as Prunus dulcis, is indigenous to Iran and its neighboring nations. The fruit of this tree is a drupe, which consists of a hard seed shell and an outer hull. The edible and widely cultivated seed of this tree is referred to as almond in general. Almonds, the seeds in question, are a good source of protein and may lower your chance of developing heart disease, among other health advantages.
Regions Covered to Evaluate Almonds Price Trend:
- North America
- South America
- The Asia Pacific
- The Middle East
Industrial Uses Impacting Almonds Price Trend:
Today, a large portion of the population prefers to choose enticing and nutritious snack options. The demand for almond products worldwide is increasing as a result of this shifting customer preference. There has been a significant rise in the number of persons who have allergies to conventional milk and milk products in recent years. As a result, this clientele is more likely to utilize soy milk, almond milk, or rice milk as substitutes to regular milk. The vendors operating in the global market for almond products are taking advantage of this circumstance.
Key Market Players:
- Blue Diamond Growers
- Wonderful Pistachios & Almonds LLC
- The Almond Company (Harris Family Enterprises)
- Mariani Nut Company
- Panoche Creek Packing
- Select Harvests Limited
News and Events:
Global almond kernel output is anticipated to exceed 1.66 million metric tonnes, according to the Almond Board of California’s most current position report and information gathered by the INC (3.67B lbs). Despite lower yields in the US, crop payments between February and August decreased by only 6.33 percent to 1.31M mt (2.89B pounds) compared to the same time previous year. The harvest will weigh 1.32 million metric tonnes, predicts Olam Nuts (2.92B lbs). In Spain, production is anticipated to decline by 5.5 percent, which is not as severe as original forecasts projected. Australia’s output, on the other hand, has climbed by 9% to 124,349 mt (274.14M lbs). The Almond Board of Australia forecasts that production will rise by further 17 percent to 145,000 mt when more plants yield fruit (319.6M lbs). The yearly show might be 185,000 mt by 2025. (407.8M lbs). The Australian Almond Board is eager to sustain record export volumes and supply to more than 50 countries and is sure that demand will stay high. Multiple channels are necessary for buyers to maintain collections in order to respond to supply constraints and delays, which creates a chance for Australia.
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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