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Bountiful Market is updated with new data from the March 2024 Almond Board of California position report.
Log in to Market on the Bountiful platform for your:
- Monthly Shipments
- Carry-out trends
- Crop Receipts by Variety
- Total Marketable Supply, Shipments vs Commitments
📈 Almond Crop Receipts Down Over 2022
March's position report marks the eighth month of the 2023/2024 marketing year. Crop receipts to date: 2,437,317,464 lbs down -4.07% over last year.
Monthly new crop receipts:
The monthly new crop received per ABC form 1 reporting
- March: 27,892,910 lbs up +53.20% over February
- February: 18,206,358 lbs
📊 TMS, Shipments & Commitments
March's new crop receipts bring the Total Marketable Supply to 3,188,863,452 lbs, down -4.15% over last year.
2023/2024 % TMS shipped to date: 57.66% up +6.99% over last month up +3.61% over last year.
2023/2024 % Sold to date: 75.71% up +5.09% over last month and up +2.20% over last year.
🚢 2023 Shipments
March's shipments: 237,041,313 lbs up +7.20% over last month and down -15.66% over last year.
2023/2024 total shipments to date: 1,838,843,939 lbs up +2.25% over last year.
🔮 Future Demand
Total new sales for March: 181,672,261 lbs down -15.35% over last month and up +26.51% over last year.
📈 Crop Receipt Projections
Following the December position report we run a forward projection on ABC form 1 crop receipts 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 2023 in-season forecasts are complete and have not been updated since we released a final forecast in July.
For our crop receipt projection, we only use ABC form 1 crop receipt data for current and historical years. The model we use looks for a pattern in how crop receipts are coming in month over month.
As of March ABC form 1 crop receipts, final crop receipts are projected to be 2.44-2.46 B lbs. You can reference this in the image below 2023/2024 marketing year is in light blue.
📊 Bountiful's 2023 forecasts
Following the August position report, we publicly share all forecasts released on the Bountiful platform, to our Premium, Farm, and Industry Subscribers, throughout the 2023 crop year.
Subscribe to Almond Update for our 2023 acreage, yield, and production forecasts.
