Under the theme ‘won’t back down’, the Almond Alliance continues to push forward on a host of issues critical to the state’s multi-billion dollar industry. Aubrey Bettencourt, president and CEO of the Almond Alliance since 2021, continues to push for reduced trade barriers and increased demand for almonds, what she says is one of the four leading agricultural exports from the United States.
The alliance met in late April for its annual meeting, touting its supply chain successes, and reminding members that they are part of one of the four leading agricultural exports from the United States.
Last year, the almond industry carried forward over 800 million pounds of unsold nuts from the previous marketing year, creating a 3.38 billion supply that would need to be moved through a constrained supply chain. Based on total shipments to date, the forecasted carryout into the next marketing year is 600 million pounds, or just under 25% of the projected 2023-24 marketing year harvest. The industry recently released its subjective forecast of 2023 crop production, estimated to be about 2.5 billion pounds. The lower crop production is quietly seen by some in the industry to aid the oversupply.
Source: farmprogress.com