USDA predicts a 3% rise in global almond production in 2023/24

Published Nov 20, 2023

Tridge summary

The Tree Nuts: World Markets and Trade report predicts a 3% increase in global almond production and a 6% growth in walnut exports for the 2023/24 season. However, global pistachio production declined by 6% in the previous season due to frost and drought conditions in key producing countries, resulting in a 16% decrease in exports. China's production of pistachios is expected to plummet from 50,000 metric tons to just 5,000 metric tons, leading to a surge in imports.

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

Original content

The Tree Nuts: World Markets and Trade report recently released by the U.S. Department of Agriculture’s Foreign Agricultural Service gives positive projections for global almond production and exports in the 2023/24 season. The forecast indicates a 3% increase in global almond production, with exports anticipated to reach 1.1 million metric tons. According to the report, global walnut production will remain stable at 2.7 million metric tons, while exports are expected to see 6% growth, reaching 1.0 million metric tons. No data are yet available for global pistachio production for the 2023/24 season, but production declined significantly in the 2022/23 season, with exports falling 16% to 415,000 metric tons, even as consumption increased by 7% to 808,000 metric tons. Benefiting from increased production in the United States, Australia and the European Union, global almond production is expected to increase by 3% in the 2023/24 season, rising to 1.5 million metric tons (shelled ...

Source: Producereport