October 10, 2012
Year To Date Almond Shipments 6% Ahead of Prior Year.
Year-To-Date Almond shipments of 295.5 million pounds are running 6% ahead of prior year. In spite of the 2012 NASS crop projection of 2.1 billion pounds, this year’s crop should settle at 1.8 – 1.9 billion pounds, more than 200 million pounds less than projected.
September’s shipments were down slightly from prior year. We continue to see strong demand and significant price increases. New commitments in September were 248 million pounds. By the end of the year, the limited supply will prevent 2012 crop shipments from growing beyond last year’s final numbers.