California almond price forecast 2023 Aug 12, 2022 · California Almond shipments in July 2022 were 169. 2% YTD DEMAND Jul 10, 2024 · The 2024 California Almond Objective Measurement Report published July 10th by the U. . This represents a change of 17. Department of Agriculture’s National Agricultural Statistics Service (USDA-NASS) estimates that the crop harvested in 2023 will come in at 2. 65 million in 2021. 85 billion and 3. Due to the increased shipping challenges and the labour shortage, California almond prices saw an upward trend. Released: May 12, 2023 RESULTS The USDA NASS Pacific Regional Office released an initial subjective forecast for 2023 California almond production. 4 million lbs. 4 billion-pound range (see Chart 1). 1% for the month and down 3. at the end of July, higher than expected due to the July ship figures suffering from the strikes. The average price of Californian almonds varies between 5. 5 billion pounds. Sales were also up from the same month a year ago. 1 billion- to 2. Separate models are run for Nonpareil since there are a significant number of samples. 9 Billion lbs. May 18, 2023 · The latest forecast from the U. 1 M in 2021 – down -1. Inclement Page 2 of 2 2024 California Almond Forecast (May 10, 2024) USDA, National Agricultural Statistics Service California Almond Acreage, Production, and Value: 1995 - 2024 The site you are transferring to is not hosted by the Almond Board of California, but rather, by a valued 3rd party information source. Almond Board of California President and CEO Richard Waycott said it was not entirely unexpected. 60 billion meat pounds, up 4% from May's subjective forecast and 1% higher than last year's crop of 2. 8 billion pounds of meat, which despite being the third-largest crop in state The 2024 California almond production forecast 2. • almond bearing acres at 1,380,000, 2% above California's 2023 almond production is forecast at 2. This is the second highest rate for shipments in November on record and +16. 35 million bearing acres. 80 billion meat pounds. 4 which was previous reported on 12-31-2022. November 2023 Almond Market Report. 7 million pounds. • Models do not forecast production by variety. Page 4 of 6 2023 California Almond Objective Measurement Report (July 12, 2023) USDA, National Agricultural Statistics Service, Pacific Region TABLE 3: CALIFORNIA ALMOND ACREAGE, PRODUCTION AND TREES PER ACRE, 1991-2023 Year Bearing acres 1 Trees per acre Total Meat Production Price per lb. 88 USD/kg and 6. 02 USD/kg. 35 billion pounds given the USDA Almond Price by Variety Chart 3: Almond Price Likely to Rise Slightly Into 2024 70 80 130 90 100 110 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Nov-23 Feb-24 May-24 120 Carmel Price Index Nonpareil Price Index 2024 Forecast Cal Standard Price Index Nevertheless, it is important to keep in mind that the market is still far from its destination. 6 billion pounds, 1% percent above last year’s 2. 14% compared to last year. 1 billion pounds, a considerable reduction from the 3. February 2023 Almond Market Report Strong Shipments (Again) February’s Position Report shows that California handlers set a February record shipping 245. Acreage in California, the country’s leading walnut producer, was estimated to have dropped from 400,000 acres in 2022 to 385,000 acres in 2023 and was revised further downward to Jul 12, 2023 · – The 2023 California Almond Objective Measurement Report published Wednesday by the U. Lower walnut yields are expected in 2024 due in part to a warm winter followed by extreme summer heat. Almonds Price Trend For the First Quarter of 2022. S. Oct 12, 2023 · California Almond shipments for September 2023 were up as expected. The estimate is down 7 percent from USDA-NASS’s Subjective Forecast in May. Sales were also up from the same month a year ago, with an impressive 250 million lbs. The November Position Report shows that California almond handlers shipped over 238 million pounds in November. 63 million, 1. Department of Agriculture projects the 2023 almond crop to be down about three percent from last year. 3 million pounds, a decrease of 6% from the previous month and 21% from California Almonds Price Received is currently at 1. North America The 2024 California almond production forecast 2. 50 billion pounds, 3% below last year’s final production of 2. It follows a generally solid bloom as well as a … Its repercussions can be felt far and wide in the international market. The market has continued firming overall though it softened in recent days heading into the report. 217. 64 as of 12-31-2023, up from 1. vs. 57 billion meat pounds. 6% above a year ago. Objective reports highlight forecasts later in the growing season, close to harvest. This link has been provided solely as a convenience to you, but the Almond Board of California cannot assume responsibility for the accuracy, quality, safety, or nature of the content throughout the linked site. Jul 13, 2023 · Despite rainy winter and a cool spring, the California Almond Objective Measurement Report published by the U. Acreage in California, the country’s leading walnut producer, was estimated to have dropped from 400,000 acres in 2022 to 385,000 acres in 2023 and was revised further downward to Jul 12, 2023 · 2023 Almond OM Forecast Forecast Models • Models are designed to produce a forecast of all almond production at the state level from the sample data. Production for the Nopareil variety is n Nov 11, 2022 · The Almond Board of California released the October 2022 position report Shipments were 214. , down 26% amid trucker strikes at the port of Oakland. Production for the Nopareil variety is n Oct 15, 2024 · The California almond industry begins the 2024 crop year with August shipments totaling 168. Buying interest for both crop years was slow during the month of July, as shown by the sales figures and lower market prices. The carryout stood at 838 million lbs. Nov 14, 2023 · In September 2023, USDA’s National Agricultural Statistics Service forecast that 2023 would be the first year since 1999 that walnut-bearing acreage decreased. . This is +23. 47 billion meat pounds. Jul 11, 2024 · The 2024 California Almond Objective Measurement Report predicted nuts set for harvest later this year will total 2. The forecast is based on 1. The market has continued firming. 80 billion meat is pounds, down 7% from May's subjective forecast and 13% higher than last year's crop of 2. Value of production Taking these issues into consideration and utilizing position report data, I have produced a forecast for the 2023/2024 crop in the 2. 57 billion pounds. USDA’s National Agricultural Statistics Service (NASS) produces crop forecasts for the California almond industry which are released annually on the dates noted in the calendar of events. Jan 8, 2025 · California walnut production is forecast 19 percent lower in 2024 following a record high walnut crop in 2023. 6 million lbs. The 2023 California Almond Subjective Forecast estimates the current crop at 2. Almond market sales activity was strong again. 4% above last Februa Mar 11, 2022 · California Almond shipments in February 2022 were 199 million lbs. This would imply a total estimated supply between 2. Department of Agriculture’s National Agricultural Statistics Service (USDA-NASS) estimates that the crop harvested in 2024 will come in at 2. 38 million bearing acres. 38 million bearing acres in 2023, up from 2022’s estimate of 1. Mar 9, 2023 · The site you are transferring to is not hosted by the Almond Board of California, but rather, by a valued 3rd party information source. It also estimated 1. Pricing remains low. Nov 10, 2023 · California Almond shipments for October 2023 were up 15% for the month. NASS forecasts: provid • production at 2. The crop receipts are nearing 2. 2 percent down from 1. 6 billion meat pounds, 1% percent above last year’s 2. May 12, 2023 · This Subjective Forecast comes two weeks after USDA-NASS released the 2022 California Almond Acreage Report which found total almond acreage had dropped in 2022 to 1. , down 15% amid continued global logistics challenges. Department of Agriculture’s National Agricultural Statistics Service (USDA-NASS) estimates that the 2023 crop will come in at 2.
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