May 2nd ”The Almond board” released a subjective estimate:
2,0 billions lbs based on 2 470 lbs per acre.
This estimate is an increase of 6% compared to last years crop, and is considered neutral in the market. The estimate is only 2% higher than the estimated from a trading house 14 days ago, which caused a very bullish market.
The shipment numbers of May are due later this week and are expected to be on lever or slightly below last years figures of 145,4 billion lbs.