Almond Market Update, page-38

I did notice an article this morning that would appear to support Surandy's argument regarding rising demand.

The Indian news site which reports on these things gave an update overnight on the almond price in the New Delhi markets:

...Almond california prices rose by Rs 200 per 40 kg in the national capital today largely on increased buying by retailers and stockists on higher demand from bulk consumers.

Further, tight stocks following fall in supplies from overseas markets also supported the uptrend.

Almond california prices rose by Rs 200 to settle at Rs 16,500-16,700 per 40 kg, while its kernel traded higher by Rs 20 at Rs 590-595 per kg largely on higher outside trends and strong consumer demand.

Almond rises on pick up in demand

The above figure they gave for the almond price (Rs 16,500-16,700 per 40 kg) converts to $8.33-8.45 Australian dollars on a per kilo basis, at the current exchange rate.

In the 'Overseas presentation' on 30/5/16 the company noted that the spot price was AUD $8.00 per kilo, so it appears the almond price has risen by about 4-5% over the past two weeks.

This is despite the AUD having strengthened against the Rupee over that period.