These are my thoughts. As i understand it, India is lifting...

These are my thoughts. As i understand it, India is lifting tarrifs on Aust almond imports, which should benefit us. And we are selling at AUD relative pricing. SHV has also indicated that the book price of the assets held may not reflect the real price of those assets given the increased cost of land, so factor that in your thinking. Further, the large Californian producers are in drought conditions, are exposed to USD pricing, and have the majority of the storage silos full on east coast, but they are unable to secure sufficient cost effective space on ships to export it. This is causing a backlog. Growers unable to harvest because nowhere to store the product, reticent to continue fertilising and water due to high cost and uncertain future. The middle east is keen on almonds, but they are unable to receive it due to shipping. So....there are large stockpiles, which will eventually flow to international markets at reasonably cheap pricing I expect, but the harvests going forward, are affected and may not back up the same volumes. That said.....nothing is certain!