Almond Market Update – August 13th, 2018

Bill Morecraft
Senior Vice President

The final Almond Board shipment report for the 2017-2018 crop year brings total shipments for the year to 2,251 million lbs, exceeding 2016 crop totals by 150 million lbs and 7%.

Total domestic shipments finished the crop year 8.7% and ~60 million lbs higher than prior year totals. High consumer interest in almonds continues to drive U.S. companies in product innovation feeding further U.S. almond consumption.  Export shipments increased 6.4% over the prior year, finishing at 1,516 million lbs shipped.

Two key drivers in total export growth were China and India finishing the year 16% and 19% ahead of prior crop year respectively.  These markets contributed most of the 53.9 million lb growth in inshell shipments. Much focus has been given to tariff-induced trade issues in China, yet new crop booking has been active in recent weeks…[Read More]