MARKET REPORT
ALMOND MARKET UPDATE
Blue Diamond Almond Market Update — March 14, 2025
OVERVIEW February shipments met market expectations, totaling 214.9 million pounds. Export shipments were slightly lower at 158.7 million pounds, reflecting a 2% decrease year-over-year, while domestic shipments saw a 4% decrease for the month. Despite these declines, strong performance in February has kept year-to-date shipments only slightly lower at -0.8%.
SHIPMENTS India:
February shipments totaled 25.6 million pounds, down 34% from the prior month and 6% from the previous year. Year-to-date shipments trail last year by 16%, totaling 221.4 million pounds, compared to 264.6 million pounds at this time last year. With over 800 loads shipped during the month, there is still significant buying expected to cover the second half needs to have ample supply for an early Diwali. China/Hong Kong/Vietnam: Shipments to the region totaled 3.8 million pounds in February, a 62% decrease compared to last year. Year-to-date shipments trail last year by 29%, largely due to ongoing tariff challenges. Chinese buyers continue to look to Australia for most of their needs, while Hong Kong traders continue to move volumes into Southeast Asia, supporting a 28% year-over-year increase in shipments to Vietnam. With geopolitical uncertainty, traders are exploring alternative avenues to keep buyers supplied through the rest of the year.
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ALMOND FACTS
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