U.S. almond production increases to 1.18 million tons, prices are at historic lows

Raw Almond

Fruits

United States

Market & Price Trends

Published Nov 22, 2023

Tridge summary

The United States Department of Agriculture (USDA) predicts a slight increase of 1.5% in California's almond production this season, reaching 1.179 million tons, the third-highest production in history. However, exports are expected to decrease by around 3% to 4%, and almond prices are currently at historically low levels. The report also highlights that China's retaliatory tariffs have caused a decline in the US market share of imported almonds, with exports to China decreasing by 40% compared to the previous year.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The recently released "U.S. Fruit and Nut Semi-Annual Outlook Report" by the United States Department of Agriculture (USDA) shows that California almond production will increase slightly by 1.5% this season to 1.179 million tons, the third highest production record in history, and exports are expected to drop by about 3%. % to 4%, prices are at historically low levels. Nearly all almond production in the United States is concentrated in California, with the harvest season starting in August and lasting until the end of July. In early 2023, California experienced record rainfall, which made the soil too wet and disturbed the state. increased bee activity. Stormy weather combined with a February cold snap resulted in the lowest harvest observed since 2006. Despite the lower harvest, almond plantings increased for the 28th consecutive year and production is expected to be the largest on record Three highs. From 2022 to 2023, the area of almond orchards bearing fruit will ...

Source: Foodmate