$50 million purchase of Blue Diamond almonds

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Chinese companies have signed a memorandum of understanding to buy at least $50 million of Blue Diamond almonds in the next 12 months.

Bill Morecraft, general manager of Blue Diamond Almonds Global Ingredient Division, states, “Blue Diamond’s Global Ingredient Division pioneered bringing almonds to China nearly 40 years ago. Since then, China has grown to be the largest importer of almonds in the world. Shipments to China, for the 2011 crop year through June, have reached nearly 230 million pounds, 41% over last year.” He added that the Blue Diamond products going to China are either ‘in-shell’ or kernels destined as ingredients for snacking or use in manufacturing.

Source: Confectionery Production