Agri-Pulse analysis: Almond industry may be past worst of downturn
Agri-Pulse analysis: Almond industry may be past worst of downturn
With rising prices, almonds seem to be digging out of a downcycle that has plagued the industry for the past four years. However, as with many other agricultural products, it appears that almond farmers will continue to be squeezed financially in the coming year due to market uncertainty and high input prices.
The 2024-25 crop year, which spanned from Aug. 1, 2024 to this July 31 saw the farm price per pound of almonds increase above $2 per pound for the first time in five years, reaching $2.14.
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