Today the Almond Board of California released the May 2015 position report.
May shipments were 139.6 million lbs. vs. 143.7 million lbs. last season.
Down 3% Overall.
Domestic off 4%
Exports off 2%
Commitments were 332 million lbs., up 17%.
May shipments were expected to be similar or up. India showed another strong month, up 25%.
The early 2015 port slowdowns caused delays in shipments and a very strong March and solid April. Currently, many buyers around the world are receiving these delayed shipments, and working through them before returning to buy.
THE 2015 CROP:
The crop is developing well with minimal issues aside from the ongoing water challenges. It continues to look like an early harvest with the first hull split seen early in the week, 3-4 weeks ahead of normal and earlier than last season. With the 2015 weather, insect pressure should be high, but growers are preparing more for this after last year’s high pressure.
There is tremendous variation in the crop among regions, orchards, and varieties. Independence and Monterey look to have the best crops. Butte and Padre seem up from last season. Nonpareil and some pollinators like Carmel are showing more variation and holes in the crop.