April 2004 NEWSLETTER

8800 South Minturn Road
Le Grand California 95333 USA
Office 559-665-8500
FAX 559-665-8588

Almond Industry Position Report

Carry-in August 1, 2003
2003 Net Marketable Crop (Received to date)

March 2004 (Million Lbs.)

162.0
984.0

279.9
590.0

Total Sold

Uncommitted Inventory (Not Sold)

869.9

276.1

Position Report

After experiencing a pull back in shipments last month the industry is again back on a “record setting” pace. Shipments for February hit 75.6 million pounds compared to 66.6 million pounds last February. Total shipments for the year now stand at 653.3 million pounds, compared to last years total to date of 642.9 million pounds giving the industry an increase of 10.6 million pounds. Assuming the industry will continue on this record-shipping course, total shipments for the year will hit the billion pound mark. The Carry-in for the 2004 crop would be a “skimpy” 140-150 million pounds, which would create a tight supply for transitioning into the 2004 crop.

Buyer & Seller of Quality California Almonds