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Almonds: highly successful export season

August 13, 2024 at 12:20 PM , Der AUDITOR
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SACRAMENTO. With the final position report published for 2023/2024, attention has turned to the new almond crop.

Dip in July shipments

At 179 million pounds US almond shipments many not have been quite as strong as last year in the final month of the season, yet they are in line with expectations given that supplies are tight. Monthly shipments in fact ranged 4% lower than in July 2023. Exports thereby declined by 3% to 126 million pounds and domestic shipments by 6% to 53 million pounds. Total shipments, by contrast, finished the season 5% higher than last year at 2.56 billion pounds. Domestic shipments thereby rose a bit by 2% to 728 million pounds and exports by a more dynamic 6% to 1.96 billion pounds. Inventories now stand at 505 million pounds, which is 36% less than last year. As official estimates predict a 13% rise in production to 2.8 billion pounds total supplies should roughly range at 3.3 billion pounds in 2024/2025.

India not only maintained its position as leading export destination for US almonds but also increased shipments sharply by 21% last season. Contrary to this, shipments to Spain dipped a bit by 3%, whereas exports to the United Arab Emirates surged by 31%.

US almond shipments in 1,000 lbs

Destination

2022/23

2023/24

Diff.

USA

716,355

728,063

1.6%

India

331,077

400,186

20,9%

Spain

193,785

188,485

-2.7%

UAE

121,170

158,478

30.8%

China/Hong Kong

143,384

106,002

-26.1%

Netherlands

87,586

107,626

22.9%

Germany

114,948

107,216

-6.7%

Turkey

77,889

100,430

28.9%

Italy

83,677

86,893

3.8%

Japan

87,280

86,464

-0.9%

Morocco

63,045

77,682

23.2%

Others

544,417

544,445

0.0%

Total

2,564,613

2,691,980

4.7%

California almonds, 01/08-31/07
Shelled and inshell

Excessive heat in California

Unlike last year, when the 2022/2023 crop was shipped well into the season new crop sales were already clearly up in July. Quality is an issue for the remaining stocks and popular varieties and grades are difficult to obtain. Prices are expected to rise further. With harvesting about to start industry representatives are growing a bit nervous about the persisting hot weather. Although the heat means that the harvest will start on time, irrigation is still required.

 

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price chart, almonds. Mamra, Iran
price chart, almonds, natural 13/14, Largueta
price chart, almonds, blanched, 27/30, California SSR
more price charts 

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