April 12, 2017
Bill Morecraft
Senior Vice President
Overview –
Shipments continue to trend upward for the California almond industry. The March ABC Position Report issued on Tuesday reflects a 10.5% increase in shipments for March compared to last year. The YTD increase for U.S. shipments moves up to 15.4%, with export shipments 30% above prior year. Receipts slowed to an additional 6 million lbs, indicating the crop may reach 2.135-2.140 billion.
New commitments of 135.6 million lbs make it likely that shipment momentum continues through this crop year. Commitments are 4% greater than last March when California reeled off three consecutive months of shipments near or above 170 million lbs each month. If April through July shipments repeat last year’s volume, ending 2016 crop inventory will be very close to 400 million lbs…[Click here for the full article]