ALMOND REPORT - DECEMBER 2024
Position Report
The Almond Board of California reports shipments for December at
233.09 million lbs., reflecting a
1.6% increase compared to
229.4 million lbs. in December 2023.
Key Markets Performance (vs. Dec 2023)
Year-to-Date Shipments
- 848.84 million lbs., a slight +0.3% increase compared to 846.39 million lbs. last year.
Crop Receipts
- 2.5758 billion lbs., up 15.6% from last year (2.228 billion lbs.).
- Final crop projection: 2.72–2.77 billion lbs. (favouring California suppliers).
Market Outlook
- New Sales in December: 182.5 million lbs., a -16.8% decline YoY.
- January Outlook: Strong shipment month anticipated, particularly to India. The Middle East, Turkey, and Europe are preparing for shipments from February to April.
- Potential duty increases under the new U.S. administration remain uncertain.
Bloom Conditions
- Snowpack: 108% of the average for this date.
- Reservoirs: 121% capacity for this date.
- Warmer, drier January may affect bloom.
WALNUT REPORT - DECEMBER 2024
Shipments
Crop Receipts
- December Receipts: 582,621 tons (including +13,439 tons of organic).
- Total 2024 Production: 670,000 tons, below initial estimates.
Market Outlook
- Despite shipment declines, supply remains tight:
- Packers prioritized kernel shipments over inshell.
- January shows increased demand for inshell as buyers anticipate higher prices from Chile and reduced supply from China.
