What GAT Does...

GAT provides a transactional service for discovering the prices at which sellers and buyers agree to transact, while seller and buyer relationships can remain unchanged.

Who Can Participate...

Launched in 2024, the GAT platform was designed by CRA International and key participants in the almond industry, including growers, processors, traders, and buyers.

For more information on becoming a seller or a buyer on Global Almond Trade, click here.

How Does a GAT Trading Event Work...

GAT Trading Events start with pre-announced starting prices for the almond products on offer.

The GAT Bidding Website opens 48 hours prior to the start of the Trading Event. This provides information prior to the Trading Event on all the products on offer, as well as the buyer’s initial eligibility (or maximum allowed quantity) to bid across all products.

Prior to the Trading Event, each seller specifies a "bid limit” for each buyer. During the Trading Event, buyers -- i.e., the bidders -- can bid up to the maximum quantity of the seller’s products that the seller will allow the buyer to bid on and win.

Bidders must participate in each bidding round to retain their eligibility to bid.

Except for the last bidding round of the Trading Event, no product is awarded or won at the end of a bidding round. All products remain open for bidding every bidding round until the Trading Event closes.

The last bidding round of the Trading Event is a round in which no new bids are submitted for any product.

At the end of each bidding round, the new, higher announced prices for the products are disclosed, so all bidders will know what prices they will be bidding at in the next round in order to stay active in the Trading Event.

Bidders must actively bid in each round to retain their eligibility to continue bidding in future rounds. Once a bidder reduces their bid quantities causing their eligibility to fall, they cannot regain that lost eligibility quantity to bid as much going forward.

Bidders can choose to switch their bid quantities from one product to another from round to round so long as their bid quantities for the current round do not exceed the bidder’s eligibility for the round and do not exceed the bid limits the bidder has with each seller.

When Does the Trading Event End...

Bidding continues until there are no new bids. After a round with no new bids, the Trading Event will close and the winning bidders are those bidders who bid quantities at the clearing prices for the products.

At the conclusion of the Trading Event, successful bidders and sellers will be advised of their respective results and sellers will invoice buyers directly. The total price payable is the applicable winning price plus any additional charges previously agreed between the buyer and seller (e.g., logistics and shipping charges).

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