So from 28/2/17 when the half year results were announced we've gone a forecast crop of 16k MT to 16k MT give or take 250 MT and from a price of A$7.70/kg to between A$7.70 and A$8.00/kg.
And the US crop from 2016 being 2.15b pounds with the 2017 crop being forecasted anywhere between 2b pounds and 2.3b pounds.
So looks like a relatively flat almond price until we get a clearer picture of the expected size of the 2017 US crop.
However, the forecasts seem optimistic considering the bloom period was one of the shorter ones in recent history, bee flight hours and productivity were at the low end and problems with rain, wind and low temperatures for about half of the bloom period.
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- Ann: Select Harvests Investor Day Presentation - 23 March 2017
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