Bountiful Market Updated: May 2023 Position Report
Bountiful Market is updated with new data from the May 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
May's position report is the tenth receiving month of the 2022/2023 marketing year. Total crop receipts to date: 2,566,241,088 lbs down -11.82% over last year.
Monthly new crop receipts:
The monthly new crop received per ABC form 1 reporting
- May: 2,703,630 lbs down -740.97% over April
- April: 22,736,815 lbs
🚢 2022 Shipments
May's total shipments: 195,674,577 lbs down -24.02% over May last year and down -0.80% over last month's April shipments: 197,255,980 lbs.
2022/2023 total shipments to date: 2,191,342,134 lbs up +0.25% over last year
🔮 Future Demand
Total new sales for May: 113,978,499 lbs, down -0.62% over April's new sales of 114,684,207 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 May ABC form 1 crop receipts, 2022 final crop receipts are projected to be 2.574 B - 2.577 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 2019/2020 receiving year.
📊 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
Below you'll see Bountiful's 2022 forecast performance by month as of the May position report for yield, production, and acreage.
Please note, we will continue to update our actual error through the remaining receiving months of the 2022 crop year.