More forecasts, less almonds
The USDA released their subjective forecast for California almonds today.
Production: 2.3 billions pounds
Yield: 2,150 lbs/acre
This means that even with more production and acreage coming online for 2018, the average yield is about 5% lower than that of last year (2,270 lbs/acre). The subjective forecast is based on phone surveys from a selected group of growers throughout the state.
We did a quick comparison of forecasts for almonds over the last few years. The subjective forecast has historically been more accurate than the objective forecast.
Vinsight’s current forecast for 2018,
Production: 2.38 billion pounds
Yield: 2,205 lbs/acre
Stay in the loop for additional almond forecast updates as the season progresses.