Price pressure remains
Production expectations for the 2020 US almond crop were previously around 1.36 million mt. As the Almond Board of California announced in its January report, the result is now as high as 1.37 million mt. This is an increase of 21% over last year and sets anew record. Including the overstock supplies from last year, 1.58 million mt of shelled US almonds are available this season.
Not only the USA, but also Spain and Australia achieved good crop results; this causes some sales pressure in the market for the commo