Nuts

Almonds: farmers forced to cut down trees

June 29, 2021 7:57 AM, Der AUDITOR
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MADRID/SACRAMENTO. California's drought will not only impact this year's almond production but also next year's. Farmers are determined to save their orchards. Some have taken drastic measures and are prepared to invest heavily. Exports in Spain have taken a surprising turn.

Expensive investments and drastic measures

Although the market already called the record US production of 1.775 million mt anticipated by the National Agricultural Statistics Service (NASS) into question a while ago, the estimate was confirmed at the Internatinal Nut and Dried Fruit Congress in May. Global production is, therefore, expected to rise by 2.5% to 1.775 million mt. Market players, however, rather reckon that US production will reach 1.334 million mt at the most, meaning that global production is rather set to decline by 2.5% this year.

As Califor

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