MARKET REPORT
ALMOND MARKET UPDATE
Blue Diamond Growers Almond Market Update — September 11, 2026
MARKET SUMMARY Demand Drivers • Global shipments have exceeded prior year in six of the past seven months. • Exports experienced a strong start to the year (+31% YOY). • India demand surged ahead of festival season (+170%). • Europe remained strong despite higher prices (+6%).
Demand Constraints • Higher prices are creating buyer resistance, with some market reducing purchase quantities or shortening coverage. • Domestic shipments remain soft with signs of stabilization (-3.3%). • China/Hong Kong direct shipments declined amid continued trade uncertainty (-52%). Supply Constraints • Tighter transition between crop years due to decreased carry-in position by 2.7%. • Yields in Nonpareil and Independence receipts are signaling a lower 2026 crop than 2025, as forecasted. • Larger kernel sizes are increasingly limited and creating a wider gap in premiums between sizes.
Supply Drivers • Harvest began two weeks early and accelerated new crop receipts for August (+55%). The increase is not a reflection of crop projection. • Early Nonpareil quality is strong with low reject levels.
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ALMOND FACTS
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