Almond Industry Update – March 17, 2015
The February Almond Board Position report shows 2014 crop receipts winding down as expected. February receipts of 16 million pounds pushed the crop just over 1.85 million pounds. Remaining receipts will slow to a trickle, leaving the 2014 crop total materially unchanged. The labor dispute at West Coast ports...
Almond Prices: A New Normal
The spectacular and extended rise in almond prices has the industry concerned that we have reached the peak. Many of you have lived through rising and falling prices. You may even recall there has been a five-year pattern to almonds prices. As we enter the fifth year of rising...
Blue Diamond Almonds, Industry Update – December 9, 2014
The 2014 crop is 95+% received through November, and now projects to 1.825 billion. The very early harvest, rain-free weather, and smaller overall crop, all contribute to the faster conclusion of the 2014 crop harvest. With a 2014 crop of 1.825 billion, and a total net supply of 2.138...
Yesterday I had the privilege to address Blue Diamond’s Growers at our 2014 annual meeting. The event was covered by the Sacramento Bee….
November 20, 2014 Yesterday I had the privilege to address Blue Diamond’s Growers at our 2014 annual meeting. The event was covered by the Sacramento Bee and a feature story appeared in today’s edition. I’d like to share the following excerpt from the Bee’s article. Concerns over California’s ongoing...
Blue Diamond Almond Market Update – November 13, 2014
The ABC October almond crop receipts are at 1.516 billion pounds. With an earlier harvest, and quick processing through huller/shellers, all receipt activity will be completed by the end of November. The 2014 almond crop projects to final receipts of approximately 1.85 billion pounds. With a decreased almond supply...
Blue Diamond Almonds, California Industry Update
The California Almond Industry reported today that shipments for the month of September recorded 163 million pounds, off -8% for the month compared to the prior year. U.S. demand has remained the strongest. Domestic shipments of 48.5 million pounds were off slightly, -2%, for the month and are nearly...
Uncertainty of the 2014 California Almond Crop
Even with very good prices, the uncertainty of harvest, has made California reluctant to sell this crop….....
Blue Diamond Almond Market Update
Strong shipments for the California Almond Industry continued into the month of June. Yesterday’s release of the Industry Position Report showed a record shipment for June. Net shipments of 152.8 million lbs. were 11.3% larger than last June. YTD shipments through June total 1,804.9 million pounds, pushing up the...
NASS Objective Estimate for the 2014 California Almond Crop Projected to be 2.1 Billion Pounds
The NASS Objective Estimate for the 2014 California almond crop was released this week on Monday. NASS estimates the 2014 crop to be 2.1 billion pounds. The estimate represents a 4.5% increase over the 2013 crop. For the fourth consecutive year, California is projected to produce a crop close...
The supply of almonds has not meaningfully grown since…
The supply of almonds has not meaningfully grown since the 2010 crop. Acreage has grown at 2-3%, but yields per acre have not matched the high mark of 2010 (not incidentally our last wetter than average rainfall year). The May Subjective Estimate of 1.95 billion...