2018 Commodity Market: Almonds

Almonds:

Per person consumption of almonds in the United States has generally been increasing.

Grown in:

California & Spain.
United States remains the largest producer of almonds, harvesting 80% of the world’s crop.

Harvested in:

August/September, manufactured in October. They are ready to be harvested when 95% of the hulls are split.

New crop:

2.8B lbs

Prices:

Steady

Political Landscape:

China is proposing tariffs on American commodities, including almonds, a tariff that could raise prices by as much as 50%. China buys approximately 8% of all California Almonds annually.

Specifics on 2018 Almond Crop:

• • The carry out will be approximately 350 million pounds, down 12% from last year’s 399 million pounds.
  • Due to tariffs,Chinese demand is estimated to be 30% lower this year.
  • The Spanish crop is officially estimated at 70,000 tons, a 30% increase over last year’s 54,000 tons.

Read More about 2018 Commodity Market Reports for:

Brazil Nuts

Cashews

Hazelnuts

Macadamias

Peanuts

Pecans

Pistachios

Walnuts