January 11, 2017
The Californian market has been stable recently with little price movement since a slight firming in December. For Australia our largest impact has been a depreciating currency. Current market levels seem to be attractive for global buyers and as a result, handlers are not having to discount to shift the record crop. On the production side of the equation, the 2016 final crop size was released at 902.6 million pounds. To the end of November, domestic sales were up 41% and exports up 256% compared to the same time last season. 2017 crop prospects are improving. Central California is receiving the biggest storms this week in a number of years, and this bodes well for irrigating the crop as well as helping meet chilling requirements.