Almonds Market Update June 2022 Week 26

In an effort to safeguard drinking water, the state published new water restriction guidelines this week, limiting the quantity of water that may be drawn from waterways for agricultural reasons. This might influence many of the water districts in the expanding area. Growers will have to rely on their own wells as well as any other sources of water they can access.

The May position report was provided by the Almond Board. The shipping sector had its most significant month so far, shipping 257.55 million pounds, up 17% from last year's 219.4 million pounds. This follows 245 million pounds in the previous two months. Export exports prevailed, with 193.4 million pounds sent, up 29.4% from the 149.5 million pounds shipped by a YAG. Domestic shipments, meanwhile, continue to disappoint, with 64.1 million pounds transported, down 8.2 percent from 69.9 million pounds last year.

For the month of May, the industry gained new sales of 116.8 million pounds, up 12 percent over the previous May's 102.9 million pounds. Late in the season, sales are still trending upward. The almond business still has many almonds to export, and the expenses of doing so are rising. Despite the fact that a dent has been made in the carry-out, what remains will be unparalleled. Consumers are being driven to buy just the necessities as inflationary pressures mount.