Australia: Almond harvest on par as exports beckon

Published 2021년 4월 12일

Tridge summary

Australian almond growers are expecting a 25-30% decrease in returns due to a large Californian crop and a rising Australian dollar. The total crop is up by about 10% due to recent plantings reaching maturity. Almondco, a grower co-operative that sources almonds from about 80% of Australian growers, is expecting to process about 30,000 tonnes this year, with expectations to grow to almost 50,000 in the next three years. The company exports about 60% of its production to 40 destinations, but is experiencing difficulty in getting shipments on the water due to a gridlock in the ocean freight supply chain. Despite the current downer in prices, Almondco remains optimistic for the long-term future of almond production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

But, after boom times in recent years, growers are expecting a 25-30 per cent fall in returns this year because of a bumper Californian crop in August coupled with a rising Australian dollar. South Australia grows about a quarter of Australia’s almonds with the bulk being produced in Victoria and New South Wales. Harvest takes place from about the middle of February to the first week in April and while yields this year were on par with 2020, the total crop is up by about 10 per cent due to recent plantings reaching maturity. Australian exports were up 26 per cent to $772 million in 2019/20 with Asia, Europe, New Zealand and the Middle East typically the biggest markets. Renmark-based grower co-operative Almondco sources almonds from about 80 per cent of Australian growers. Its annual in-take from growers in SA, Victoria, NSW and WA at its three processing plants make up about 30 per cent of the national production. Almondco managing director Brenton Woolston said the company had ...

Source: Indaily