MARKET REPORT
ALMOND MARKET UPDATE
Blue Diamond Almond Market Update — July 14, 2025
OVERVIEW June shipments totaled 186.7 million pounds, slightly below industry expectations and down 9% year over year. Exports came in at 135 million pounds, just below last year’s level, though the year-to-date pace remains on par. Domestic shipments continued their downward trend, falling 17% for the month, further weighing on total industry movement. Cumulative shipments now stand at 2.449 billion pounds, down 2.5% from the same period last year.
SHIPMENTS India:
June shipments to India totaled 34.7 million pounds, up 29% year over year. This brings year-to-date exports to 377.2 million pounds, narrowing the shipment gap to just 1% compared to last season. India remained a key demand driver for the industry in June, with buyers pulling forward volume ahead of an early Diwali. Timely shipments remain essential to meet festival demand. While some coverage is still pending, attention is shifting to the new crop following the Objective Estimate, which signals a larger than expected supply. Despite this, buyer sentiment is cautious, with a strong focus now on harvest execution, sizing, and quality which will shape pricing and forward coverage strategies into year’s end. China/Hong Kong/Vietnam: Shipments into the China–Hong Kong–Vietnam corridor totaled just under 6.5 million pounds in June, up 17% year over year. Despite the monthly gain, year-to-date volumes remain down 24.5%, highlighting the continued impact of tariffs on California’s competitiveness in the region. Among the trio, Vietnam has emerged as the more reliable entry point for U.S. product into Asia. On the mainland, Chinese buyers continue to favor Australian origin, benefiting from
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ALMOND FACTS
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