Is the U.S. Producing Too Many Almonds? Probably not…
30 November 2018
Roland Fumasi, David Magaña and Hayden Higgins RaboResearch Food & Argibusiness
California production will hit 3bn pounds in the next five years. Global demand growth is expected to keep pace with supply expansion. Nominal prices are expected to be lower this season, but trend upward moving forward. It’s highly likely that the five-year average price stays in the profitable range for the majority of California growers, but downside price risk remains.
Read the full report here.