GNEX® Almond Commodities

GNEX has created standardized almond commodities that can be listed and traded through the GNEX trading platform.

These commodity definitions have been chosen to meet the highest volume everyday trading requirements for buyers in different geographic regions and include In-Shell and Shelled commodities.

Quality and Size definitions and consistent incoterms give improved market price transparency and choice.

GNEX BVSTD5™

Californian Shelled Almonds, Blanchable Varieties, Standard Sheller Run or better at Seller's option, sized or unsized at Seller's option, with up to maximum five percent serious damage. FAS (California Port).

GNEX NPX2325™

Californian Shelled Almonds, Nonpareil US Extra No.1 23-25 And or Larger. FAS (California Port).

GNEX CTS2527™

Californian Shelled Almonds, Any Carmel Type, US No.1 (Supreme), 25-27 And or Larger. FAS (California Port).

GNEX CAL2730™

Californian Shelled Almonds, Any California Type, Select Sheller Run, 27-30 And or Larger. FAS (California Port).

GNEX NPIS70SS™

Californian In Shell Almonds, Nonpareil, US No. 1, 70% Edible Meat Yield, Sliding Scale. FAS (California Port).

GNEX NPSUP2325-EXW™

Californian Shelled Almonds, Nonpareil US No. 1 (Supreme), 23-25 And or Larger. Ex-Works California.

GNEX CAL2730-EXW™

Californian Shelled Almonds, Any California Type, Select Sheller Run, 27-30 And or Larger. Ex-Works California.

Definitions

Export Commodities

GNEX BVSTD5™ GNEX NPX2325™ GNEX CTS2527™ GNEX CAL2730™ GNEX NPIS70SS™
Variety Blanchable Varieties Nonpareil Any Carmel Type Any California Type Nonpareil
Shelled / In-Shell Shelled Shelled Shelled Shelled In-Shell
Grade 1 US Standard Sheller Run or better at Seller's option, with up to maximum 5% serious damage US Extra No. 1 or better at Seller's option US No. 1 (Supreme) or better at Seller's option US Select Sheller Run or better at Seller's option US No. 1
Size (count per oz.) Seller's option 23-25 And Or Larger 25-27 And Or Larger 27-30 And Or Larger -
Yield - - - - 70% Edible Meat Yield. Price adjustable up or down based on actual edible meat yield (Sliding Scale)
Origin California California California California California
Quantity per load 2 40 foot full container load of about 44,000 lbs 40 foot full container load of about 44,000 lbs, OR 2
20 foot full container load of about 36,000 lbs		 40 foot full container load of about 44,000 lbs, OR 2
20 foot full container load of about 36,000 lbs		 40 foot full container load of about 44,000 lbs, OR 2
20 foot full container load of about 36,000 lbs		 40 foot full container load of about 45,000 lbs
Packaging Bulk bins or bulk bags (at seller's option) 3 50lb cardboard cartons 50lb cardboard cartons 40' containers: Bulk bins or bulk bags (at seller's option) 3
20' containers: 50lb cardboard cartons		 50lb polyweave bags
Crop Year availability 4 September - December of following year September - December of following year September - December of following year September - December of following year August - September of following year
Incoterms (Forward) FAS (California Port) 5 FAS (California Port) 5 FAS (California Port) 5 FAS (California Port) 5 FAS (California Port) 5
Incoterms (Afloat) CIF (Discharge Port) CIF (Discharge Port) CIF (Discharge Port) CIF (Discharge Port) CIF (Discharge Port)
Incoterms (Spot) FCA (Named Place) Duty Unpaid FCA (Named Place) Duty Unpaid FCA (Named Place) Duty Unpaid FCA (Named Place) Duty Unpaid FCA (Named Place) Duty Unpaid
Contract 7 GNEX-SATA™ GNEX-SATA™ GNEX-SATA™ GNEX-SATA™ GNEX-SATA™

US Domestic Commodities

GNEX NPSUP2325-EXW™ GNEX CAL2730-EXW™
Variety Nonpareil Any California Type
Shelled / In-Shell Shelled Shelled
Grade 1 US No. 1 (Supreme) or better at Seller's option US Select Sheller Run or better at Seller's option
Size (count per oz.) 23-25 And Or Larger 27-30 And Or Larger
Origin California California
Quantity per load Truck load of about 42,000 lbs Truck load of about 42,000 lbs
Packaging Bulk bins or bulk bags (at seller's option) 3 Bulk bins or bulk bags (at seller's option) 3
Crop Year availability 4 September - December of following year September - December of following year
Incoterms EXW (California) loaded 6 EXW (California) loaded 6
Contract 7 GNEX-SATA™ GNEX-SATA™

  1. USDA Standard Gradings: Shelled and In-Shell
  2. For Bid listings, Buyer specifies load size in listing. For Offer listings, Seller may specify load size or allow load size to be specified by Buyer when making trade through the platform.
  3. 50lb carboard cartons may be available at additional cost.
  4. Months in which a commodity from a particular crop year is available for delivery on the GNEX Platform. For example, for GNEX BVSTD5, 2023 Crop Year is available for shipment periods from September 2023 until December 2024.
  5. FAS (California Port). Seller is responsible for organizing shipping on behalf of Buyer if required. Risk transferred upon delivery at port to nominated carrier.
  6. Ex-Works incoterms adjusted such that Seller is responsible for loading product on truck at Seller's premises.
  7. All almond contracts traded through the GNEX platform use GNEX's Standard Almond Trading Agreement GNEX-SATA™. This gives transparent and comparable pricing across all contracts.