Global almond production expected to reach highest level since 2020-21
Global almond production is expected to rise next season, primarily thanks to increased output in the United States, the European Union, and Australia, according to the US Department of Agriculture.
The agency’s latest biannual report, Tree Nuts: World Markets and Trade, projects global almond production will increase by nearly 10 percent to 1.8 million metric tons (shelled), the highest since 2020-21.
The United States, the world’s leading almond producer, is forecast to harvest around 1.4 million tons, up 122,000 tons.
According to the agency, the US benefited from favorable spring temperatures and rainfall that supported crop development, leading to a 13 percent increase in output.
Global Almond Production: the EU and Australia
The European Union and Australia are also two major contributors to the global pot.
Global almond exports are forecast to reach 1.1 million tons, supported by a modest increase in trade from the United States and Australia.
EU imports are projected to rise by 10,000 tons to 275,000, while India’s imports are expected to increase slightly to 180,000.
The report notes that market gains will be partially offset by a nearly 25 percent decline in China’s imports to 100,000 tons, due to reduced shipments from the United States.
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