Doesn't seem too drastic, outlook is for crop to be somewhere between 27,500 and 29,000t with average price forecast to be $9.20/kg
So up to 7% smaller crop but expecting around 19.5% increase in price.
I would have loved to have attended to get some more detail on the price assumption given circumstances in the US.
I am a bit concerned at their plan to harvest earlier as that would impact the crop size, is the trade off on improved quality worth it? If so, then why doesn't everyone do that?
Generally it's okay to have some lower quality crop, as long as it's not too high then you get more premium sized almonds which attract higher prices and the lower quality almonds go into the ingredients/manufacturing industry. So generally the vast majority of the crop gets sold off.
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