According to the Position Report for October, domestic shipments of shelled and in-shell almonds were 62.55 million pounds, down a little over 8 percent from October 2018.
U.S. almond export shipments, at 202.95 million pounds in October, rose over 13 percent YOY. Net total shipments were 265.5 million pounds, up about 7 percent from the year prior.
Last month, Japan, the fifth largest market for U.S. almonds, dropped a 2.4 percent tariff on in-shell and almond kernels. Japan also eliminated tariffs on almond meal, flour, and paste.
The California Walnut Board reported cumulative walnut shipments, in-shell equivalent, for the month of October at 166,690 tons, up nearly 8 percent from this time a year ago. As of Aug. 30, U.S. walnut production is estimated at 630,000 tons for 2019/20.
Walnut products are gaining popularity as consumers seek more nutrition in their diets. One company is offering both chorizo and Italian flavored walnuts, marketing them as good additions to snacks and entrees.
Almond, walnut, and other tree-nut farmers are eligible to receive payment in the second tranche of the Market Facilitation Program. The payments are meant to offset losses from tariffs and natural disasters, per USDA.
According to the American Farm Bureau Federation, farm bankruptcy filings have jumped 24 percent this year, while all farm debt is expected to reach a record high.
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