USA Almonds – December 2021 Shipment Report
USA Almond shipments were worse than expected by many. Net sales for December 2021 were at just under 250 million pounds, in comparison to around 170 million pounds in December 2020. Overall commitments were down by 11% year on year, and the industry is estimated to be down by around 17-18%.
The US domestic market saw a monthly record shipment, which may explain as to where a lot of stock has moved to. Shipments were expected to be slightly higher than shown due to Californian suppliers sending goods out to destinations with no customer in an attempt to drive pricing higher.
The Californian stock is now 68% sold, with crop receipts down by 7%, which could lead to a yield of 2.9billion lbs.