Almond Market Update – July 10, 2020

Bill Morecraft
Senior Vice President

California almond receipts for the past month crept up by 11 million lbs. on the June ABC Position Report to bring the 2019 Crop YTD totals to 2.547 billion lbs. Almond shipments were up by 10 million lbs. for the month, or 6% over last year, bringing YTD shipments to 2.192 billion, up nearly 4% on the year. New commitments for the month were similar to last year at 90 million lbs., bringing June month-end commitments to 370 million lbs., up 31% from last year. Uncommitted 2019 inventory is 252 million lbs., also up by 33% from prior year. The 2019 Crop year will end next month with the ending inventory being restored to a healthy working level of ~460 million lbs…[Read More]

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