NEWS IN A NUTSHELL
For us, it’s about not being reactive to short-term movements. We have to be agile and nimble, but at the same time we can’t abandon our disciplined, methodical approach when it comes to diversified products and markets. There are other amazing opportunities right in our backyard in the U.S. Q. How has Blue Diamond reacted to the uncertain export situation? It’s a very uncertain environment, and tariffs and non- tariff barriers are changing on a daily, weekly and monthly basis. We can’t focus on those elements outside our control. Instead, we focus on areas we can control. What we can control is making sure that in the big markets like China and India, we don’t put all our eggs in relatively few baskets. Take Canada as an example. We’ve been able to accelerate our growth even in light of the tariff situation.
It’s about making sure we’re in a lot of different markets. We rely on our resources to continue to lobby in Washington, D.C., to make sure lawmakers understand the impact tariffs have on our grower- members. And we’re looking for opportunities like in India, where they recently backtracked some of the tariffs they had in place. Q. How will closing the Sacramento plant benefit grower returns? This is a journey that will take us to June 2027, and it will mean stronger returns to our growers. We’re shutting down the largest almond processing plant in the world and letting go 600-plus employees so we can run as efficiently as possible. At the end of the day, we’ll have the same capabilities that we have today in two assets rather than three. (The two facilities to which he referred are in Turlock and Salida.)
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ALMOND FACTS
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