Almond Production Decline in 2023/2024: Factors and Global Impact

Almond production for 2023/2024 faces a significant decrease due to various factors, with Australia's Almond Board revising their forecast from a growth of 8.6% to a reduction of 25% in comparison to the previous year. This decrease is attributed to adverse weather during pollination, inadequate bee colonies, and poor water quality resulting from floods. ABA Chairman Tim Jackson acknowledges the challenges faced by the industry, while US and Spain are also expected to experience production losses. The US Department of Agriculture's upcoming Subjective Crop Estimate might reveal a lower forecast than anticipated.