Record start to selling season
Australian almond exports remain on record pace after the first four months of the 2024-25 selling season.
The ABA’s monthly Position Report for June has revealed that overall almond sales are up by more than 10% for the same time last season, while exports are up by over 14%.
Sales into China have been the major factor. Improved quality and greater availability after what appears to be a record sized crop has led to increased buyer activity and increased volumes. Sales compared to last year have more than doubled and remain the engine room of the almond marketing campaign.
Pricing has returned to far more sustainable levels when combined with the lower exchange rate with the US dollar.
Indian sales have been subdued in comparison but remain virtually on par with last year’s record volumes while additional marketing focus on Asia Pacific countries has resulted in increased activity. For the first time the industry has sold almost 50,000 tonnes in the first four months and is well placed to deliver significantly improved returns to growers. The pre-season crop estimate for the season was 164,700 tonnes. The ABA is due to announce the season’s actual intake next month.