https://money.usnews.com/investing/...ine-and-nut-growers-call-china-tariffs-a-blow
The juice:
"Almonds are China's second-biggest import from California farms. In 2016, China took 12 percent of California's almond crop, which was valued at about $518 million.
"The Chinese levy on U.S. almonds goes up from 10 percent to 25 percent, said Richard Waycott, president and chief executive of the Almond Board of California.
Ash here.
I wouldn't get too excited about big price rises for Aussie almond producers. The direction of trade may change (inefficiently) while wary intermediaries will pencil in higher margins to cover uncertainty and risk.
SHV makes a quality product and can sell all it produces. It's main task is to focus on internal improvements and tree planting.
Ash
California wine and nut growers call China tariffs a blow
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Last
$3.58 |
Change
-0.120(3.24%) |
Mkt cap ! $433.3M | |||
| Open | High | Low | Value | Volume |
| $3.73 | $3.78 | $3.55 | $801.5K | 222.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 364 | $3.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.59 | 226 | 1 |
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| SHV (ASX) Chart |