– Shipments: 206,16 Mlbs (+10,5%)
- June sales: 92.37 Mlbs (-40.25%)
- June new crop 2024 sales: 98.16 Mlbs (+51.15%)
- Total sales to date: 2,859.57 Mlbs (+1.08%)
- New crop sales 2024: 271.28 Mlbs (+121.65%)
- Crop intake: 2,445.72 Mlbs (-4.78%)
- Total quantity available (harvest + surplus harvest 22): 3,197.09 Mlbs (-4.68%).
- Potential Carryin (Surplus): about 450/475 Mlbs (calculated assuming July shipments of about 210 Mlbs)
- Shipments to Spain: 13.23 Mlbs (+0.30%)
– Shipments to Europe: 43,51 Mlbs (-10,55%)
More or less expected results. No major surprises. Significant the bad month of current crop sales probably caused by the increase in prices. Also important the higher new crop sales compared to last year.
Due to the lower than expected published subjective estimate, coupled with these good shipments, invites to think that the market is likely to continue its upward or strong situation. It is now up to demand to act in one way or another (staying on the sidelines or entering the market).
Thanks
