Larger acreage, but questionable yields
California's almond acreage has grown by 25% in the past five years. In 2018, about 1.09 million acres were in yield, compared to 1.37 million acres in 2022 (+3.8% vs. 2021), according to the National Agricultural Statistica Service's (NASS) preliminary forecast.
In the coming days, the authorities will also publish the first subjective crop estimate for 2022. Until now, market players had reckoned that this year's almond production could be similar to 2021. In addition to the frost nights, which left th