ALMOND REPORT – DECEMBER 2024
Position Report
The Almond Board of California reports shipments for December at 233.09 million lbs., reflecting a 1.6% increase compared to 229.4 million lbs. in December 2023.
| Category |
Million lbs. |
% Change (vs. Dec 2023) |
| Domestic |
56.05 |
-1.1% |
| Export |
177.04 |
+2.5% |
Key Markets Performance (vs. Dec 2023)
| Market |
% Change |
| India |
-11.2% |
| Germany |
+8.3% |
| Netherlands |
+23.4% |
| Spain |
-16.3% |
| Turkey |
+62.4% |
| UAE |
-30% |
Year-to-Date Shipments
- 848.84 million lbs., a slight +0.3% increase compared to 846.39 million lbs. last year.
Crop Receipts
- 2.5758 billion lbs., up 15.6% from last year (2.228 billion lbs.).
- Final crop projection: 2.72–2.77 billion lbs. (favouring California suppliers).
Market Outlook
- New Sales in December: 182.5 million lbs., a -16.8% decline YoY.
- January Outlook: Strong shipment month anticipated, particularly to India. The Middle East, Turkey, and Europe are preparing for shipments from February to April.
- Potential duty increases under the new U.S. administration remain uncertain.
Bloom Conditions
- Snowpack: 108% of the average for this date.
- Reservoirs: 121% capacity for this date.
- Warmer, drier January may affect bloom.
WALNUT REPORT – DECEMBER 2024
Shipments
| Category |
December 2024 (million lbs.) |
December 2023 (million lbs.) |
% Change |
| Inshell |
22.561 |
59.423 |
-62% |
| Kernel |
44.844 |
55.11 |
-18.7% |
Crop Receipts
- December Receipts: 582,621 tons (including +13,439 tons of organic).
- Total 2024 Production: 670,000 tons, below initial estimates.
Market Outlook
- Despite shipment declines, supply remains tight:
- Packers prioritized kernel shipments over inshell.
- January shows increased demand for inshell as buyers anticipate higher prices from Chile and reduced supply from China.
