September-October 2025

MARKET REPORT

ALMOND MARKET UPDATE

Blue Diamond Almond Market Update — September 15, 2025

OVERVIEW The California Almond industry opened the 2025 crop year with August shipments totaling 158 million pounds, down 6.2% year over year. Exports saw a modest increase reaching 109 million pounds, a 2.9% rise compared to last August, while domestic shipments started the year with a double-digit decline. Overall, shipments fell short of industry expectations with tight inventories at the end of the 2024 crop. With new crop inventories now available, we anticipate September shipments to rebound.

SHIPMENTS India:

August almond shipments to India totaled 16.4 million pounds, marking a 41% decline year over year. This softer start to the 2025 crop year was anticipated, following the exceptionally strong July shipments and a slightly delayed harvest. Despite the dip in August, India remains largely uncovered for September, positioning the market for a meaningful rebound in the upcoming shipment report. As we move past the initial phase of the crop year, attention will turn to covering any remaining Diwali demand through local supply, while post-Diwali needs are expected to drive renewed

interest in California almonds. China/Hong Kong/Vietnam:

Shipments to the region totaled over 4 million pounds, marking a 27% decrease compared to the same month last year. In the coming weeks, it should be expected that activity will pick up as buyers seek coverage for Chinese New Year.

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ALMOND FACTS

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