Almonds: US exports hit new record
February 13, 2024 at 10:26 AM ,
Der AUDITOR
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 |
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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.
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