Manager of Marketing Order Services at the Almond Board of California, Bryce Spycher, said they are currently monitoring yield averages. “This year, if the 2.6 billion pounds that NASS estimated back in July is to be realized, that would equate to about 1,900 pounds per acre average,” Spycher explained. “So, certainly, below two years ago, and even below the 15-year average of 2,200 pounds per acre.”
Several strong production years resulted in an abundance of supply that was then met with overwhelming logistical challenges. Shipping delays and an overall tumultuous supply chain that came about as a result of Covid took its toll on demand. However, despite those obstacles, the almond supply has still been moving at a rate to help put demand back in balance.
Spycher: “The 2020-21 crop year was remarkable not only on the receipt side, but also on the shipment side. The industry shipped just under 2.9 billion pounds that year. This last year in the 2021-22 marketing year, it was slightly above 2.6. I think 2.633 [billion pounds], which is down from the year previous”
Source: agnetwest.com