Bountiful Market Updated: March 2023 Position Report
Bountiful Market is updated with new data from the March 2023 Almond Board of California position report.
Log in to Market on the Bountiful platform to explore:
- Monthly Shipments
- Carry-out trends
- Crop Receipts by Variety
- Total Marketable Supply, Shipments vs Commitments
📈 Almond Crop Receipts down over 2021
March's position report is the eighth receiving month of the 2022/2023 marketing year. Total crop receipts to date: 2,540,800,643 lbs down -12.43% over last year.
Monthly new crop receipts:
The monthly new crop received per ABC form 1 reporting
- March: 17,880,564 lbs down -62.66% over February
- February: 47,889,258 lbs
🚢 2022 Shipments
March's total shipments: 281,069,291 lbs up +7.00% over March last year and up +14.38% over last month's February shipments: 245,740,054 lbs.
2022/2023 total shipments to date: 1,798,411,577 lbs up +6.85% over last year
🔮 Future Demand
Total new sales for March: 143,601,940 lbs, down -24.53% over February's new sales of 190,267,497 lbs.
📈 2022 Crop Receipt Projections
Following the release of December's position report we start running a forward projection on ABC form 1 crop receipts, every month, to get an idea of the total size of the crop.
The methodology we use for our crop receipt projections is different from our in-season machine learning forecasts. Our 2022 in-season forecasts are complete and have not been updated since we released a final forecast in July.
As of March ABC form 1 crop receipts, 2022 final crop receipts are projected to be 2.55 B - 2.56 B lbs. You can reference this in the image below 2022/2023 marketing year is in light blue.
You'll notice 2022 crop receipts receiving pattern below looks very similar to 2019 and 2020.
📊 Bountiful's 2022 forecasts
Following the August position report, we publicly shared all forecasts released on the Bountiful platform, to our Farm and Industry customers, throughout the 2022 crop year.
- First table: Bountiful's yield forecast distribution by month
- Second table: Bountiful's acreage and production forecast distribution by month
Now that we've received the March position report we start benchmarking our error performance for all forecasts released by Bountiful. Please note, we will continue to update our actual error through the remaining receiving months of the 2022 crop year.
Below you'll find Bountiful's 2022 forecast performance by month as of the March position report for yield, production, and acreage.