California Almond Exports Surge – India Sets April Record

📍 Total almond shipments in April match last year – Export markets outperform while domestic sales slow, and prices remain firm

California almond shipments in April 2025 totalled 241 million pounds, matching exactly the volume of April 2024. A +6.3% increase in exports offset a -17.8% drop in domestic shipments. India was the top buyer with a record 1,447 containers shipped in April.

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📊 1. Market Overview: Shipment Volumes & Prices

April Shipments (2025 vs. 2024)

*Estimates for comparative purposes

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Top 5 Export Destinations – April

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🌰 2. Crop & Estimates

• 📦 2024/25 Crop Receipts: 2.708 billion lbs (+11.0% YoY)
• 📊 2025 Subjective Crop Estimate: 2.8 billion lbs
  • +3% vs. 2024 crop
  • Bearing acres: +10,000
  • Yield per acre: 2,010 lbs

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📈 3. Market Trends & Pricing

• 🧾 April New Sales: 192 million lbs (↓ from 218M last year, -11.9%)
• ✅ Sold Position (crop + carry-in): 79.3%
• ⚠️ Shortages in Carmel SSR 25/27, 27/30 & 30/32
• 🧊 Remaining inventory is dominated by large calibres (NP Extra, Carmel Sup)

Current Prices (FAS California, USD/lb)

📉 The weaker U.S. Dollar has increased competitiveness in global markets.

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🔮 4. Outlook & Recommendations

Outlook

• 📦 May shipments are expected to exceed last year
• 🇨🇳 Trade deal between China & USA announced, markets surged
• 🌎 Potential impact on almond demand and other global agreements

Recommendations

For Sellers:✅ Leverage strong demand in India, the Middle East✅ Lock in prices now, especially for small calibres

For Buyers:✅ Advance coverage is recommended as supply tightens✅ Monitor USD trends for favourable pricing

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🌰 WALNUT MARKET REPORT – APRIL 2025 🌰

📊 Shipment Summary

🌱 Crop

• Conventional: 589,557 tons
• Organic: 14,807 tons
• 📉 9.8% below forecast (670,000 tons)

📈 Market Conditions & Forecast

• 💤 The market has been quiet for the past 4 weeks
• ❄️ Some sellers are making aggressive offers to avoid cold storage
• 📍 Chilean suppliers sold strongly to India, prices rising
• 🇺🇸 California expects 700,000-ton crop for 2025
• 🇨🇳 China also signals a slight crop increase
• 🚚 With Turkey down 80%, Dubai -85%, Morocco -80% — lower CA opening prices may revive inshell markets