Overview of Almond Market Statistics

The latest almond position report from the Almond Board of California reveals significant insights into the almond industry's performance compared to previous years. With a total of +237.04 million pounds, there's been a -15.7 percent decrease compared to last year's record of 281.07 million pounds.

Domestic and Export Trends

Domestic almond shipments are reported at 62.54 million pounds, indicating a decrease of -6.0 percent, while exports stand at 174.59 million pounds, showing a notable decline of -18.7 percent. Key export destinations include India, Spain, Turkey, the Netherlands, Morocco, and the United Arab Emirates, with notable variations in shipment volumes compared to the previous year.

Market Activity and Sales Performance

March witnessed active almond market dynamics, with new sales totaling 181 million pounds, a significant increase from the previous year's figure of 143 million pounds. Despite an overall softening of prices, new purchases were stimulated by more aggressive pricing strategies. Toward the end of March, equipment shortages impacted shipping capacity, limiting the total quantity shipped.

Outlook and New Crop Developments

The outlook for April shipments appears highly positive, with expectations of a more than 50% increase over the previous year's shipments. Meanwhile, the new crop is progressing favorably, benefiting from timely rains and excellent weather conditions. Trees across orchards in California are showing excellent nut set, indicating a promising crop.

Snowpack and Water Reservoirs

As of April 1, the snowpack in California stands at 104% of normal, with varying percentages across different regions. Additionally, major water reservoirs, such as Shasta, are reported to be at 95% of capacity, ensuring ample water resources for almond cultivation.

The almond position report provides valuable insights into the current state of the almond market, highlighting trends in domestic and international shipments, market activity, and new crop developments. With positive outlooks for April shipments and favorable growing conditions for the new crop, the almond industry in California remains poised for continued growth and success.