Nut Industry News

PNP's Nut Industry News
Global Almond Shipments Soar (Modesto, Calif., August 8) -The Almond Board of California (ABC) reported 2007 crop year-end statistics today, revealing that the domestic, export and total worldwide shipments soared to new all-time records, indicating continued strong global demand. Record shipments accompany the industry’s largest crop ever. 1.38 billion pounds of almonds, 24% more than the previous year, were harvested during 2007. Total worldwide shipments grew by 18% over the prior crop year to reach 1.26 billion pounds. Specifically, shipments within the US rose 7.2% to reach 394.8 million pounds. The US is the largest single market for California almonds. Domestic shipments accounted for 31% share versus 69% for export shipments. Almond shipments to overseas markets increased to 866.4 million pounds, up 24% over the previous year, led by strong growth in Europe, Asia and the Middle East. Notably, almond exports have achieved new monthly records for the past thirteen consecutive months. Western Europe and Asia remained the top two export destinations on a regional basis, with shares of 54% and 23% respectively. Exports to Western Europe grew 24% over the previous year, while exports to Asia grew 20%, driven by strong demand in markets such as India, China and Korea where new shipment highs were recorded. In terms of individual markets, the top five export destinations were Spain, Germany, India, Japan and China. “The growers and handlers of California Almonds have set the stage for this unprecedented growth with forward-thinking, strategically sound programs administered by the Almond Board of California. From the research in the field aimed at creating a more sustainable environment for growing almonds to the investment in research to understand almond nutritional benefits, the entire almond community has been focused on making record crops and record demand a reality,” said Almond Board President and CEO, Richard Waycott. “In fact, almonds continue to be the second most frequently used nut worldwide for new nut product introductions and if demand continues to grow at this rate, almonds will become the number one nut for global new product introductions in 2008.” For additional information contact the Almond Board of California at (209) 549-8262 or visit www.AlmondBoard.com. Notes to the Editor: Expert interviews, photography and statistics available: Richard Waycott, President and Chief Executive Officer, Almond Board of California Shirley Horn, Senior Director, Global Marketing and Communications, Almond Board of California Photography available Shipment statistics and market research reports available upon request

Global Almond Shipments Soar

(Modesto, Calif., August 8) -The Almond Board of California (ABC) reported 2007 crop year-end statistics today, revealing that the domestic, export and total worldwide shipments soared to new all-time records, indicating continued strong global demand.

Record shipments accompany the industry’s largest crop ever. 1.38 billion pounds of almonds, 24% more than the previous year, were harvested during 2007.

Total worldwide shipments grew by 18% over the prior crop year to reach 1.26 billion pounds. Specifically, shipments within the US rose 7.2% to reach 394.8 million pounds. The US is the largest single market for California almonds. Domestic shipments accounted for 31% share versus 69% for export shipments.

Almond shipments to overseas markets increased to 866.4 million pounds, up 24% over the previous year, led by strong growth in Europe, Asia and the Middle East. Notably, almond exports have achieved new monthly records for the past thirteen consecutive months.

Western Europe and Asia remained the top two export destinations on a regional basis, with shares of 54% and 23% respectively. Exports to Western Europe grew 24% over the previous year, while exports to Asia grew 20%, driven by strong demand in markets such as India, China and Korea where new shipment highs were recorded. In terms of individual markets, the top five export destinations were Spain, Germany, India, Japan and China.

“The growers and handlers of California Almonds have set the stage for this unprecedented growth with forward-thinking, strategically sound programs administered by the Almond Board of California. From the research in the field aimed at creating a more sustainable environment for growing almonds to the investment in research to understand almond nutritional benefits, the entire almond community has been focused on making record crops and record demand a reality,” said Almond Board President and CEO, Richard Waycott. “In fact, almonds continue to be the second most frequently used nut worldwide for new nut product introductions and if demand continues to grow at this rate, almonds will become the number one nut for global new product introductions in 2008.”

For additional information contact the Almond Board of California at (209) 549-8262 or visit www.AlmondBoard.com.

Notes to the Editor:
Expert interviews, photography and statistics available:

Richard Waycott, President and Chief Executive Officer, Almond Board of California
Shirley Horn, Senior Director, Global Marketing and Communications, Almond Board of California
Photography available
Shipment statistics and market research reports available upon request