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Almonds: slowdown in US shipments

June 16, 2025 at 12:14 PM , Der AUDITOR
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SACRAMENTO. While exports are flat on last year, domestic shipments have declined by 7% as the May Position Report issued by the Almond Board of California shows. Inventories are still limited for US almonds with the new season expected to bring little change.

Weak May shipments

While monthly exports hit an absolute record of 187.81 million pounds in April, May exports were flat on last year at 160.73 million pounds. Monthly domestic shipments even slumped by 22% to 51.03 million pounds as compared with May 2024. At 211 million pounds monthly May shipments ranged 6% lower than last year. Total domestic shipments stand 7% lower than last year at 569.86 billion pounds. Total exports are relatively flat on last year at 1.69 billion pounds. This prompts the grand total to range 2% lower than last year at 2.26 billion pounds.

Shifting export dynamics

Shipments to top destination India are still 3% off on last year, but have made a remarkable recovery since December, when they still ranged 21% lower than last year. Expectation is that demand will remain strong in the transition period. While exports to Spain have declined by 11%, shipments to Western Europe as a region are stable on last year with differing trends in individual countries. While shipments to the Netherlands and Italy are up, exports to Germany have, for instance, declined.

Exports to the United Arab Emirate have risen by 4% with shipments only ranging 4 million pounds behind Spain. Exports to the Middle East as a region have grown by 12% with Turkey showing a 15% uptick. Japan and South Korea are sporting more moderate single-digit growth rates. Shipments to Northeast Asia as a region have, however, declined sharply this year with China no longer listed amongst the top ten export destinations. Buyers here have turned to Australia.

US almond shipments in 1,000 lbs

Destination

2023/24

2024/25

Diff.

India

353,601

342,436

-3.2%

Spain

160,674

142,517

-11.3%

UAE

133,035

138,373

4.0%

Netherlands

93,871

114,301

21.8%

Turkey

83,560

95,941

14.8%

Italy

73,810

83,473

13.1%

Germany

93,729

80,146

-14.5%

Japan

73,113

77,414

5.9%

Morocco

64,352

55,057

-14.4%

South Korea

52,579

53,592

1.9%

Others

511,116

509,455

-0.3%

Total Exports

1,693,440

1,692,705

-0.0%

Total Domestic

612,942

569,863

-7.0%

Grand Total

2,306,382

2,262,568

-1.9%

California almonds, 01/08-31/05
Shelled and inshell

Tight supplies

With only 900 million pounds remaining, supplies are tight. The carry forward will only range at 500 million pounds if shipments will continue to range below 200 million pounds in June and July. According to Olam the final crop receipts will stand blow 2.72 billion pounds.

While the subjective forecast projected a similar crop size as last year, field reports show that orchards confronted with restricted water supplies last year will bear less fruit. Although enough water is available this year, the high cost of electricity, which is required to pump water out of the ground, has prompted growers to stretch irrigation. According to forecasts California will experience above-average temperatures this summer. New crop sales are a stunning 62% down on last year at 65.70 million pounds showing that buyers and seller are in no hurry with a highly uncertain economic environment prevailing. All eyes are set on the objective estimate, which will by issued on 10 July.

 

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