Australia's almond production fell by 30%, stocks were cleared, and exports to China fell sharply

Published 2024년 5월 15일

Tridge summary

The Australian almond industry has set a new sales record for the 2023/24 season, selling over 131,000 tons of almonds despite a production of only 103,381 tons, which is 34% lower than the pre-harvest estimate. The record sales were driven by increased sales in major processing markets such as Turkey and Spain, as well as low-grade raw material recyclers in California. However, exports to China, the largest export destination for Australian almonds, have dropped by 34% due to rainfall during the production season. In contrast, exports to India have increased by 114% due to a reduction in tariffs. The 2024 harvest is expected to return production to the long-term forecast level.

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

Original content

According to the association's last monthly sales status report for the 2023/24 season (March 2023-February 2024), the Australian almond industry has set a new sales record at the end of this season. Despite a production of only 103,381 tons, 34% lower than the pre-harvest estimate, Australian marketers managed to sell more than 131,000 tons (KWE) of almonds, surpassing the record of 129,500 tons set in the previous season. The record in the previous season was achieved with a harvest volume of just over 140,000 tons. Annual data shows that unsold stocks from previous seasons have been cleared, and sales have increased significantly in major processing markets such as Turkey and Spain, as well as low-grade raw material recyclers in California. Sales in Spain increased by 23% to 10,609 tons; Turkey increased by 83% to 11,104 tons; the United States increased by 33% to nearly 400,000 tons. 0 tons. Another feature of this season is that compared with the import volume of more than ...

Source: Foodmate