
Indian almond kernel prices are easing after a post-Diwali rally as demand cools and holders take profits. International reference prices for California kernels, such as Carmel SSR 18/20 FAS Washington, eased slightly in early November, while California crop estimates were revised down.
Lower California and Australian crops keep global almond supply tight, so the near-term Indian correction is likely temporary and prices could firm again into 2027. Feed buyers should expect volatility rather than a sustained downtrend.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.