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As on Sep 25, 2018 12:00 AM Your results on : Pre Session    
Economic Buzz: Japan Producer Prices Up 1.3% On Year In August
25-Sep-2018 (09:11)
Commodities Buzz: Ukraine Grain Exports Increases During January -August,2018
25-Sep-2018 (09:06)
Economic Buzz: S&P Affirms China's Sovereign Ratings
24-Sep-2018 (09:29)
Gujarat's Cotton Production To Decline 15 percent In Current Year
24-Sep-2018 (08:55)
Indian Almond Production To Increase 12 percent In MY 2018/19
21-Sep-2018 (10:12)

The latest release of United States Department of Agriculture (USDA ) stated that the Indian almond production in Marketing Year (MY) 2018/19 (August-July) is forecasted at 4,500 MT (kernel-weight basis), an increase of approximately 12 percent, year-on-year, riding on favorable weather conditions. Indian almond production is limited to the hill states of Jammu & Kashmir and Himachal Pradesh, where the shelling rates generally range between 20 and 30 percent for hard-shell varieties, and 40 percent for thin-shelled varieties. USDA estimates for Indian production in MY 2017/18 are revised to 4,000 MT, which reflects the latest trade data from a trade association that tracks the entry and exit points in India's major almond producing states and consumption patterns in those states.

Indian almond consumption in MY 2018/19 is forecasted at 107,000 MT, unchanged from MY 2017/18. Overall, Indian almond consumption is driven by India's expanding middle class and their increased desire for, and awareness of, products perceived as healthy. In MY 2018/19, however, this trend is offset by a depreciating rupee, which decreases Indian consumer purchasing power, and Indian trade's concerns about the global trade outlook.

In MY 2018/19, the May 23, 2018 increase of the basic custom duty (BCD) on shelled almonds (from INR 65/kg to INR 100/kg), significant rupee depreciation, and Indian trade's concerns about the global trade outlook indicate a 9 percent decrease in almond imports, at 95,000 MT. In contrast, stable market prices, increasing disposable income, perceived positive health attributes of almonds, year-round demand, and implementation of India's Goods and Services Tax (GST) on July 1, 2017 resulted in record almond imports in MY 2017/18, at 104,500 MT. In MY 2017/18, U.S. almonds accounted for 81 percent of India's total almond import volume; Australia, the next largest almond supplier to India, accounted for 14 percent of India's import volume. Most almond imports from the United States and Australia are in-shell, non-pareil or Carmel varieties, and are shelled locally; almonds from other origins are typically already shelled when imported into India. Most almonds in India are sold by weight in loose form; only about 8-10 percent of retail sales are packaged.

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21-Sep-2018 (09:38)
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20-Sep-2018 (09:57)
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