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Almonds February 10, 2022

Fortunately for the Almond industry, the shipment figures for December has been OK and the for January (to be reported next week) looks promising as well. Total crop receipts will end up around 3 billion pounds what most probably will leave the Almond industry with a carry over of 800-900 million pounds.
The first bloom started. Weather conditions are fine and there seems nothing in the way for a decent bloom. The remark to be made on water supply/availability. Last decent rains were in December and not any rains expected for the near future so water reservoirs will be impacted again.
Prices are stable and the good shipment figures give a bit more confidence to sellers again.