NASS Objective Crop Estimate at 1.8 Billion Pounds
The NASS Objective Estimate for the California almond crop was issued yesterday, projecting a 2015 crop of 1.8 billion pounds. Based on 890,000 bearing acres (up 2.3 percent from last year), a nut count of 5,874 nuts per tree (down 12 percent) and kernel weight of 1.43 grams per...
NASS Subjective Estimate Reports 1.85 Billion Pound Crop
Last week, growers in each of Blue Diamond’s 9 districts shared with me their outlook on their crop. After these visits, I was predicting a crop in the trees of 1.9 billion pounds. Water quality and availability could significantly lower this number. Often I heard their prediction followed by...
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...
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...
Almond Market Update – May 13, 2014
May 13, 2014 The April California Almond Industry Position Report was released Friday May 9. Shipments for April increased 6% over prior year to 137 million lbs. YTD total shipments increased to 1,508 million lbs., up 4% and growing from the previous year. The 2013 crop remains at just...
2014 California Almond Market Forecast
Today NASS reported the Subjective Estimate for the 2014 crop is 1.95 billion pounds. This is 2.5% below last year’s production of 2.0 billion pounds. Last year’s estimate was within 1% of the actual 2013 crop. On average, the Subjective Estimate over the last five years has been within...
North American Demand for Almonds Continues a Steady Drumbeat
The Beat Goes On…. The pace of 2013 new crop commitments was brisk in January at 180 million lbs, with prices rising steadily throughout the month. With January shipments of 160.2 million lbs, YTD shipments continue to track 5% above the prior year. The 2013 crop is 68-69% committed...
NASS Objective Estimate Shocks Industry
July 12, 2013 – The industry was shocked by the NASS Objective Estimate of 1.85 billion pounds for the 2013 crop. The eyeball test of the crop appears much larger, but misses the quantitative sampling of kernel size. Handlers raised 2013 selling prices by $.40 a pound in response,...