Written by The Business Journal Staff
California is looking at another record production year for almonds, according to the latest forecast from the U.S. Department of Agriculture.
The latest production forecast of 2.25 billion meat pounds of almonds is up 2.3 percent from a previous forecast in May and up 5.1 percent from last year’s crop of 2.14 billion pounds.
About one million acres of almonds are projected to produce this year in California, compared to 940,000 acres last year.
Despite the increase in production, the prices paid for almonds have softened up in the world economy. The price last year, according to the USDA, was $2.44 a pound, down from a record of $4 in 2014.