Apr 24, 2024Meridian Grower reports on tree nuts in its April 24 crop update
Meridian Growers released its latest update on April 24, 2024 that highlighted key trends in pistachios, almonds and pecans.
The pistachio market maintained its strength despite decreasing inventory levels, prompting anticipation and evaluation for the 2024 crop.
Conversely, almond prices saw a decline following a report projecting a substantial crop size of 2.97 billion pounds, with expectations of continued price drops in the near future.
In the pecan market, activity slowed as buyers assess the latest shipment report from the American Pecan Council.
This evaluation indicated potential shifts in market dynamics in the coming days. Overall, while pistachios held firm, almonds faced pricing pressures and pecans experienced a temporary slowdown as market players adjust to new information and anticipate future trends.
