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Almonds July 03, 2025

The new crop is around the corner and harvest expected in the coming weeks. On July 10, USDA-NASS will release the 2025 California Almond Objective Report, which will be based on actual almond counts in approximately 1,000 orchards using a more statistically rigorous methodology to determine yield. The market is highly interested to get that number and if it will match the subjective forecast of 2.8 billion lbs. The May shipment figures were disappointing and prices weakened a bit.
Another important remark is the import duties into the EU. It was delayed until December now but what will happen during December is hard to say. Frucom with the other branch organizations visited the DG Agri of the EU this week to lobby for no(/lower) tariffs than planned for and explained the consequences in case the import tariffs would come in place. They understood our arguments and working hard to find manageable solutions.