In marketing year (MY) 2023/24, walnut production is estimated to increase by 3.1 percent and reach 198,000 metric tons (MT). Area planted maintains an increasing trend due to high international demand for walnuts. Exports will reach 195,500 MT (in-shell basis), which represents a 2.9 percent increase over MY 2022/23 on higher production.
For MY 2023/24, almond production will probably reach 11,400 MT, a 0.88 percent increase over MY 2022/23. Almond exports will total 8,300 MT, a 0.60 percent increase over MY 2022/23. This slight increase is driven by the minor growth in area planted and assuming normal yields. The almond export business remains profitable enough to maintain, but not expand significantly the current area planted.
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Source: fas.usda.gov
