Almond oil Update: Drought ridden - Pray for Rain!
19. March 2014
Like we reported on 21st February 2014 the 2014 rainy season does not live up to its name! In this respect we refer specifically also to our report „it never rains in California“. Especially in view of the annually rotating Almond calendar, we report with full transparency to keep you fully uptodate:
The most important insights:
• We are currently in one of the most important and decisive phases during the Almond crop cycle, called the “bloom” . We are closely observing what impact the drought currently has on the pollination and fertilization of the Almond tree-buds.
• California is drying up completely; it is now becoming evident that we are now entering a 3rd year in a row with such extreme deficits in precipitation. From now onwards, the famers can only can do one thing; „PRAY for RAIN“.
• After further weeks without any substantial rainfall in the most important growing regions since the start of weather records, it is now firm all (!) Almond plantations are now affected.
• Normally this magnificent blooming season is a reason for joy! Not now… not in 2014/15! This time around the situation is getting critical. The soil is completely dried up and the Almond trees are now drying out as well as a direct result.
• Of course it is still too early to make any (gu)estimate how this years’ Almond crop and its harvest will develop and to what extend the Almond nut, oil yields will be affected adversely.
• Since more than 80% of the worldwide Almonds are grown and supplied by Californian plantations, there is a growing likelihood of supply shortages and further price rises this year.
FYI: various US / Californian newspapers and trade journals already reported on this severe situation. Indeed billions of dollars are at stake. Clearly this is not only an export issue: the effect on the US economy is immense, with more than 90% of the American tomatoes, strawberries, broccoli, and of course Walnuts and Almonds coming from California! Not to mention the impact on the dairy sector!
You may recall that over the years, the state of California has been referred to as "The Land of Milk and Honey" – in recent years the Term “Golden State” has been more popular. With this bleak outlook the Almond trees are less rosy and the market outlook anything but golden…
To highlight how serious this matter has now become we draw your attention to an article in „Süddeutsche Zeitung” – one of Germany’s largest and most prominent daily newspapers.
To the article
The OPW Almond oil is, in addition to our Walnut oil, Apricot kernel oil, peach kernel oil, coconut oil, sesame oil, MCT oil one of our most demanded specialty oils for personal & health care and food industries.
In case you have any questions the OPW Team will be pleased to assist. Please do not hesitate to contact us, anytime. We encourage you to take cover your demand timely.