California’s 2020 almond production is forecasted at 3.00 billion pounds, which matches the Subjective Estimate published in May 2020. 2020 Almond Crop is 18% higher than last year’s crop and estimated to be the largest on record.
The forecast is based on 1.26 million bearing acres. The average nut set per tree is 5,645, up 21% from the 2019 almond crop. The Nonpareil average nut set is 5,621, up 27% from last year’s set.
Now the question is if the world will be able to consume this huge crop after the economic effects of COVID-19 and the ongoing trade war between the USA and China. It will be a big challenge for farmers and packers this year and we see that downward pressure will continue on prices.
If you need more information or have demands for Organic and Conventional Almonds or any other products we supply, please feel free to call or email us.
👉 Please also read our Dried Fruits and Nuts Market Update July 2020 edition to have more information about the industry developments.
NASS 2020 California Almond Objective Measurement Report (pdf)