In 2020/21 global consumption of almonds will reach 1.5 million tons - forecast

Published Nov 7, 2020

Tridge summary

According to forecasts of the United States Department of Agriculture (USDA), global almond production in 2020/21. will increase by 15% compared to the 2019/20 season. up to 1.7 million tons (in terms of peeled almonds). World consumption will reach 1.5 million tons. Almond exports will grow 15% to 951,000 tonnes, FruitNews reports, according to USDA data. Almond production in the United States is expected to increase 18% to 1.4 million tonnes on the back of increased acreage.

Original content

60% of grown almonds are destined for export and sales to foreign markets are expected to grow by 13% to 825 thousand tons due to increased supplies to the EU, India and East Asia. In the EU countries, the almond harvest will grow by 2% to 140 thousand tons. Almond imports are expected to increase by 15% to 325,000 tonnes, driven by growing demand from food ingredient, confectionery and health enthusiasts. Read also: Walnuts and hazelnuts have risen in price over the past month, while almonds have become cheaper more often - market overview for September 2020. Imports of these nuts to China will grow by 50% to 100 thousand tons. The Covid-19 pandemic in January 2020 led to the closure of many processing plants and retail outlets, resulting in reduced supplies. Since the opening of processing plants, many manufacturers have increased their use of almonds in muesli and biscuits to match consumer preferences. ...
Source: Eastfruit
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