Australian almond demand remained firm through July despite market disruption caused by an unexpectedly high crop estimate out of California.
The USDA announced an objective estimate of 3 billion pounds for the 2025 California almond crop early in the month. The estimate prompted a sudden fall in prices, leading many sellers to withdraw from the market until conditions stabilised.
© Australian Almonds
Since the announcement, intake numbers from the early stages of the California harvest have not matched the estimate, and pricing has returned to pre-estimate levels.
Trade conditions continued to influence demand. Ongoing U.S. trade sanctions have encouraged buyers in key markets such as China and India to source more products from Australia. A weaker Australian dollar against the U.S. dollar also supported stronger export returns for growers.
Several markets recorded improved year-on-year sales in July, including Qatar, Denmark, Belgium, New Zealand, Indonesia, and Vietnam. Meanwhile, volumes in the main markets of Australia, China, India, and Turkiye continued to drive overall trade flows.
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For more information:
Australian Almonds
Tel: +61 (0) 8 8584 7053
www.almondboard.org.au