Net U.S. almond shipments in December were about 256.9 million pounds, shelled and in-shell, down over 2 percent from November but up nearly 25 percent from December 2019. Exports of 196.1 million pounds were up 32 percent YOY and accounted for just over three-quarters of all shipments, as was seen in the previous three months.
Cumulative 2020/21 shipments (Aug-Dec) were just under 1.3 billion pounds, and total crop receipts as of Dec. 31 were almost 2.9 billion pounds, up 20 percent YOY. Based on USDA’s gross crop estimate of 3.05 billion pounds, the total industry sold position was some 64 percent, up from 59 percent a year ago.
Low almond prices have incentivized growers to remove aging orchards, with acreage removals up notably vs. last season. However, bearing acreage is still expected to rise slightly in 2021/22.
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