A USDA forecasting expert speaks with Stratamarkets about predicting California’s almond production.
China used to be California’s top export market. Shipments there are on the rise, a trend that shows no sign of slowing.
Weaker global demand could also be to blame, packers say, raising questions about whether future monthly shipments will return to their punchy levels once shipping problems subside.
With bloom days away, farm advisors say it’s becoming harder than ever to use it to predict almond crop output in California.
The creators of a new water trading contract are positioning it as a novel tool for managing water costs – an issue of increasing importance for California almond growers.
Crop receipts reported in the December 2020 position report show California on track to reach the 3-billion-pound crop forecast, but questions about receipts persist.
Almond sales in November grew compared with the same month last year, the latest position report from the Almond Board of California shows. November shipments increase 11.6%.
Almond exporters in Australia are seeing some success in making themselves less reliant on China, even though China remains their largest global buyer.