Tridge summary
The USDA has revised its estimates for the 2022/2023 almond production forecast, projecting a 10% decrease to 1.5 million tons without shells due to reduced harvests in the United States and the European Union. Despite the drop in production in these regions, almond exports are expected to rise by nearly 10% to a record 1.1 million tons, with the European Union and China benefiting from increased shipments from the United States and Australia. The US production is anticipated to fall by 11% to 1.2 million tons, while the European Union sees a 24% decrease to 105,000 tons, primarily due to adverse weather conditions in Spain and Italy.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The United States Department of Agriculture (USDA) has estimated a reduction in almond production for the 2022/2023 campaign of 10%, lowering forecasts to 1.5 million tons without shells. The harvest is reduced in the United States and the European Union, although in other producing third countries they will go up. The USDA estimates that world almond exports will increase almost 10% to 1.1 million tons (record figure) thanks to shipments from the United States and Australia to the European Union and China. In the US, production is forecast to drop 11% to 1.2m tonnes. And in the EU, the forecast is that the final production will decrease by 24%, to 105,000 tons, mainly due ...
Source: Agroclm
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