Nuts

Almonds: US exports hit new record

February 13, 2024 at 10:26 AM , Der AUDITOR
Play report as audio

SACRAMENTO. US shipments hit a record high for almonds in January. Early blooming varieties are slowly starting to stir in some orchards.

India is the main driver

Net US almond shipments hit a record 235.92 million pounds in January with exports claiming a record 173.03 million pounds but domestic shipments lagging 5% behind January 2023 at 62.89 million pounds. Total shipments for the season have climbed to 1.38 billion pounds, which is 9% up on the same period in 2022/2023. Exports are 12% up on last year at 1.02 billion pounds, whereas domestic shipments have flatlined at 361.25 million pounds. India is the main driver in the export market and shipments to here have surged by 25%. As enquiries are still being issued shipments should continue to be strong. Exports to Spain have, by contrast, declined by 3%. The United Arab Emirates rank third and shipments to here are 20% up.

US almond shipments in 1,000 lbs

Destination

2022/23

2023/24

Diff.

USA

363,328

361,248

-0.6%

India

189,860

237,504

25.1%

Spain

97,890

94,538

-3.5%

UAE

71,444

85,804

20.1%

China/Hong Kong

69,771

73,776

-7.6%

Netherlands

42,413

55,420

30.7%

Germany

52,957

55,183

4.2%

Italy

38,042

43,751

15.0%

Turkey

37,980

41,709

9.8%

Japan

35,001

39,345

12.4%

Others

443,790

292,395

-34.2%

Total

1,271,602

1,380,673

8.6%

California almonds, 01/08-31/01
Shelled and inshell

Bloom just around the corner

Crop receipts range 3% lower than last year at 2.4 billion pounds, which confirms industry expectations. Insect damages have caused considerable losses this year with rejects topping 4%. This will continue to limit supplies of some grades and high-quality almonds. Water allocations are not an issue at present as California has experienced much rainfall from mid-January to early February and more rain is expected. Snowpack has also improved in recent weeks.

Much attention is presently being paid to sanitation as this can help to prevent high levels of insect damages this year. Although many growers are undertaking additional efforts to remove anything that can help pests such as the naval orange worm to survive the winter, costs and impact also need to be considered as many insects can travel far distances and the weather will slowly start to get warmer. Early blooming varieties are indeed already starting to stir and with the days getting longer and the weather forecast being ideal for February bloom will certainly set in rather quickly.

 

View more
price chart, almonds, natural, +14, Valencia
price chart, almonds, natural 13/14, Largueta
price chart, almonds, blanched, 27/30, California SSR
more price charts

View related articles

Go to the News Overview
Nuts
Jun 25, 2024
REUS/SACRAMENTO. Supplies will not be an issue for almonds in 2024/2025. The estimates presented at the International Nut and Dried Fruit Council (INC) Congress in May are upbeat. Things also look much better than anticipated in Spain.
Nuts
Jun 24, 2024
NEW DELHI/BUENOS AIRES. Upward trending edible oil markets and increased demand from the Middle East are keeping Indian peanut prices from declining too much. The situation in America is mixed.
Nuts
Jun 24, 2024
REUS. International Nut and Dried Fruit Council (INC) production figures are erratic for pine nuts in Asia. Illegal harvesting is a big problem in Mongolia. Turkey is the leading producing country in the Mediterranean.
Nuts
Jun 20, 2024
FOLSOM. Although exports continued strong in May, they failed to compensate for the downturn in domestic shipments as the latest shipment report issued by the California Walnut Board shows.