California Almond Industry Harmed by International Trade Issues
Carter, Colin and Sandro Steinbach
California almond tree acreage has expanded by roughly three-fold since 2000. As a result, the industry relies more on foreign buyers to purchase the growing supply of almonds. Combined with the acreage growth, recent international trade disputes and supply chain problems have resulted in an oversupply of California almonds, with end-of-year inventories close to an unusually high 30% of the harvest. We investigate the role of trade disputes and supply chain issues on the economics of the California almond industry.
Almond price, trade war, supply chain disruptions, almond exports, almond inventories
Carter, Colin and Sandro Steinbach. 2022. "California Almond Industry Harmed by International Trade Issues." ARE Update 26(1): 1-4. University of California Giannini Foundation of Agricultural Economics.