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March 2005 NEWSLETTER

Almond Industry Position Report - February 2005 Million Pounds
  Carry In August 1, 2004  148.9
  2004 Net Marketable Crop (Received to date) 

956.0

  Sold (Shipped & Not Shipped) 
    Domestic 304.0
    Export

558.2

    Total Sold 862.2
 

Uncommitted Inventory (Not Sold)

(242.7)

Position Report

Almond shipments for February were 69 million pounds, 6.6 million pounds below last year’s record of 75.6 million pounds. This minor reduction of about 9% in shipments is not being viewed as a problem. The industry was actually anticipating a 10% reduction and 9% is a bit better. Industry sources feel March shipments will equal last years record. Total shipments for the year now stand at 662.45 million pounds, an increase of 8.9 million pounds over last years record pace. The domestic market continues to “amaze” us all. Shipped and committed contracts are running 24.1 million pounds ahead of last year. This is huge when considering domestically there is no break in the currency value coupled with these historically high prices.

2004 Crop Pool Progress Payment

On Friday, April 15th, your 2004 crop April progress payment will be mailed out. The Nonpareil payment will be $0.50/lbs making the total $2.00/lbs and all other varieties will be $0.42/lbs making the total payment $1.80/lbs. We will announce final payment when the sale of the 2004 crop is complete.

2005 Crop Bloom Report

The bloom started in Kern County first followed by the rest of the state 3-5 days later, depending on the area. The early blooming varieties including Nonpareils were met with poor weather, rain and warm temperatures through out the state. Kern County did have better weather during Nonpareil bloom than any other part of the state. The Nonpareil blossom set is a bit disappointing. Besides the weather, the biggest concern is how quick the bloom came and went. After a week plus of undesirable weather conditions and clear skies with normal temperatures that followed, the blossom set on the late varieties is encouraging.The late varieties like Butte and Padres benefited from the better weather. Surprisingly, most growers report being satisfied with their bee strength. Currently the early varieties are pushing through the jackets with the late varieties still in their jackets. The nonpareils look disappointing at this time because the late stage nutlets don’t appear to be growing. Obviously it is much to early to determine crop size, but one thing is for certain; this year’s bloom was less than ideal. By next month we should be able to estimate crop size more accurately.

6th Annual Grower Appreciation B.B.Q. - Thursday - April 28th

Be sure to mark your calendars for Thursday April 28th. We would like you to join Minturn Nut’s owners and staff for our 6 th Annual Grower Appreciation B.B.Q. There will be plant tours, Hank’s famous Oyster Bar and almond related contests. We will get started at 11:00 a.m. with lunch being served around noon . We encourage you to bring your almond growing neighbors.

 

Grower Contracting

Minturn Nut is currently contracting with growers for our 2005 seasonal pool and future crops. We offer one-year and three-year contracts with a bonus incentive for growers signing a three-year contract. Our payment schedule is aggressive and our return payment history stands up well against any handler in the industry. If you have any questions please call your field representative or our office. We appreciate all our growers and will continue to work hard to insure a profitable and competitive return.

Field Representatives & Cell Phone
  Robert Borba 209.769.3660   Keith Rigg 209.604.9981  
  Matt Kahl 209.617.8602   Dave Hudgins 209.617.8500  
  Richard Marchini 209.769.7500   Minturn Nut Office 559.665.8500  

Grower Apprecitation BBQ - Thursday April 28th


 


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Buyers & Sellers of Quality California Almonds

Minturn Nut Company Inc.
8800 S. Minturn Road
Le Grand, CA 95333-9711 U.S.A.
Phone (559) 665-8500 • Fax (559) 665-8588



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