MARKET REPORT
Market Perspective Overall, the market outlook for the final months of the season remains positive, supported by strong global demand, and well-balanced supply, which is expected to stabilize pricing heading into new crop. We anticipate consistent performance from the domestic market for the remainder of the season, and despite the challenges in trade flow given the geopolitical environment, exports continue to put on a strong performance year to date. Final shipments for the crop year should result in a manageable carryout. Consistent estimates for the 2026 crop paint a similar picture to 2025, dictating a well-balanced market. Disciplined selling and buying behaviors should lead to a market that is stable to firm, providing a runway for consistent booking activity throughout the crop year. CROP The 2025 crop receipts are trickling in with just 4 million pounds added in April, bringing the receipts to approximately 2.69 billion pounds. Blue Diamond ‘s May 9, 2026 Crop Estimate Report projects a California almond crop ranging between 2.675 and 2.72, with a center point of 2.69 billion pounds. The overall estimate reflects a balanced but cautious outlook acknowledging weather impacts, orchard abandonments, and summer conditions which determine whether the crop reaches projected potential. The Blue Diamond crop estimate is closely aligned with similar estimates by the USDA Subjective Estimate (2.7 billion pounds) and others in the industry. We will continue to share crop updates in our June Market Report and our July Crop Forecast Report to provide a more precise forecast as we progress through harvest.
ADDITIONAL RESOURCES Blue Diamond Growers Crop Estimate bit.ly/2026estimate Almond Board of California Full Position Report bit.ly/ABCpositionreport USDA Subjective Estimate bit.ly/NASSsubjective
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ALMOND FACTS
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