--- title: July Almond Shipments Put US Ending Stocks at Second Largest on Record description: "The July position report, released on 11th August by the Almond Board of California, showed July shipments totalled 187 million pounds, up 10% y-o-y and the second-highest July shipment figure on record. This figure was in line with industry expectations, with market participants surveyed by Mintec prior to the release estimating a range of 170-200 million pounds, with most market participants returning figures of 175-190 million pounds." image: https://www.mintecglobal.com/hubfs/July%20almond%20shipments%202023.jpg --- [![Mintec_by_expana_white](https://www.mintecglobal.com/hs-fs/hubfs/Mintec_Logo_Small_Use_Reversed_RGB-3.png?width=145&height=55&name=Mintec_Logo_Small_Use_Reversed_RGB-3.png "Mintec_by_expana_white")](https://www.mintecglobal.com) [![Mintec_by_expana_dark](https://www.mintecglobal.com/hs-fs/hubfs/Mintec_Logo_Small_Use_Mono_RGB%20(2).png?width=145&height=54&name=Mintec_Logo_Small_Use_Mono_RGB%20(2).png "Mintec_by_expana_dark")](https://www.mintecglobal.com) - ![Flags](https://cdn2.hubspot.net/hubfs/4080606/flag-button-round-250.png) ** - [![Dutch](https://f.hubspotusercontent00.net/hubfs/4080606/dutch-01-1.png)](https://translate.google.com/translate?hl=&sl=en&tl=nl&u=www.mintecglobal.com) - [![Finnish](https://f.hubspotusercontent00.net/hubfs/4080606/Finnish-01.png)](https://translate.google.com/translate?hl=&sl=en&tl=fi&u=https%3A%2F%2Fwww.mintecglobal.com) - [![French](https://cdn2.hubspot.net/hubfs/4080606/France-1.png)](https://www.mintecglobal.com/french) - [![German](https://cdn2.hubspot.net/hubfs/4080606/Germany-1.png)](https://translate.google.com/translate?hl=&sl=en&tl=de&u=www.mintecglobal.com) - [![Italian](https://cdn2.hubspot.net/hubfs/4080606/Italy-1.png)](https://www.mintecglobal.com/italia) - [![Norwegian](https://f.hubspotusercontent00.net/hubfs/4080606/Norway-01.png)](https://translate.google.com/translate?hl=&sl=en&tl=no&u=www.mintecglobal.com) - [![Portuguese](https://f.hubspotusercontent00.net/hubfs/4080606/portugal-01.png)](https://www.mintecglobal.com/portugal) - [![Russian](https://f.hubspotusercontent00.net/hubfs/4080606/russian-01.png)](https://translate.google.com/translate?hl=&sl=en&tl=ru&u=www.mintecglobal.com) - [![Spanish](https://cdn2.hubspot.net/hubfs/4080606/Spain.png)](https://www.mintecglobal.com/espana) - [![Swedish](https://f.hubspotusercontent00.net/hubfs/4080606/swedish-01.png)](https://translate.google.com/translate?hl=&sl=en&tl=sv&u=www.mintecglobal.com) - [![SIGN IN](https://no-cache.hubspot.com/cta/default/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204.png)](https://cta-redirect.hubspot.com/cta/redirect/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204) - [![GET STARTED](https://no-cache.hubspot.com/cta/default/4080606/885beebf-1311-41e6-90cc-01c1a0614f69.png)](https://cta-redirect.hubspot.com/cta/redirect/4080606/885beebf-1311-41e6-90cc-01c1a0614f69) [![Mintec_by_expana_white](https://www.mintecglobal.com/hs-fs/hubfs/Mintec_Logo_Small_Use_Reversed_RGB-3.png?width=145&height=55&name=Mintec_Logo_Small_Use_Reversed_RGB-3.png "Mintec_by_expana_white")](https://www.mintecglobal.com) [![Mintec_by_expana_dark](https://www.mintecglobal.com/hs-fs/hubfs/Mintec_Logo_Small_Use_Mono_RGB%20(2).png?width=145&height=54&name=Mintec_Logo_Small_Use_Mono_RGB%20(2).png) ](https://www.mintecglobal.com/) - EN ** - [NL](https://translate.google.com/translate?hl=&sl=en&tl=nl&u=www.mintecglobal.com) - [FI](https://translate.google.com/translate?hl=&sl=en&tl=fi&u=https%3A%2F%2Fwww.mintecglobal.com) - [FR](https://translate.google.com/translate?hl=&sl=en&tl=fr&u=www.mintecglobal.com) - [DE](https://translate.google.com/translate?hl=&sl=en&tl=de&u=www.mintecglobal.com) - [IT](https://translate.google.com/translate?hl=&sl=en&tl=it&u=www.mintecglobal.com) - [NO](https://translate.google.com/translate?hl=&sl=en&tl=no&u=www.mintecglobal.com) - [PT](https://translate.google.com/translate?hl=&sl=en&tl=pt&u=www.mintecglobal.com) - [RU](https://translate.google.com/translate?hl=&sl=en&tl=ru&u=www.mintecglobal.com) - [ES](https://translate.google.com/translate?hl=&sl=en&tl=es&u=www.mintecglobal.com) - [SV](https://translate.google.com/translate?hl=&sl=en&tl=sv&u=www.mintecglobal.com) - [![SIGN IN](https://no-cache.hubspot.com/cta/default/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204.png)](https://cta-redirect.hubspot.com/cta/redirect/4080606/3a597199-6ead-499b-8311-0bd6a6ba4204) - [![GET STARTED](https://no-cache.hubspot.com/cta/default/4080606/885beebf-1311-41e6-90cc-01c1a0614f69.png)](https://cta-redirect.hubspot.com/cta/redirect/4080606/885beebf-1311-41e6-90cc-01c1a0614f69) ![](https://px.ads.linkedin.com/collect/?pid=1609690&fmt=gif) # July Almond Shipments Put US Ending Stocks at Second Largest on Record [back to insight ](https://www-mintecglobal-com.sandbox.hs-sites.com/our-insight-2018) August 18, 2023 2 mins read The July position report, released on 11th August by the Almond Board of California, showed July shipments totalled 187 million pounds, up 10% y-o-y and the second-highest July shipment figure on record. This figure was in line with industry expectations, with market participants surveyed by Mintec prior to the release estimating a range of 170-200 million pounds, with most market participants returning figures of 175-190 million pounds. “The release had already been priced into the market; despite the good shipment figure, it hasn’t been enough to put a major dent in ending stocks, so nothing much has changed,” a European broker stated. ![July almond shipments 2023](https://www.mintecglobal.com/hs-fs/hubfs/July%20almond%20shipments%202023.jpg?width=1162&height=648&name=July%20almond%20shipments%202023.jpg) The shipment figure placed 2022/23 ending stocks at 792 million pounds, a drawdown of only 45 million pounds from the start of the season. Combined with a USDA Objective Almond Measurement of 2.60 billion pounds, this would place the total supply for the 2023/24 season at over 3 billion pounds and in line with the total supply in 2022/23. “This is the fourth season with supply over 3 billion pounds and is going to be another year of losses. I don’t know how much longer we can keep losing money like this. I think a lot of people will be going out of business this year unless production comes in well below the USDA estimate,” a US handler said to Mintec. ![July 2023 production scenarios](https://www.mintecglobal.com/hs-fs/hubfs/July%202023%20production%20scenarios.jpg?width=1184&height=654&name=July%202023%20production%20scenarios.jpg) Sales for the 2023/24 season clocked in at 205 million pounds, the lowest on record since the almond board began reporting these figures. The low figure failed to surprise , with market participants reporting they were focused on clearing old crop from stores and noted a general lack of buying interest over the summer period. ![July 2023 new season sales](https://www.mintecglobal.com/hs-fs/hubfs/July%202023%20new%20season%20sales.jpg?width=1212&height=660&name=July%202023%20new%20season%20sales.jpg) To stay up to date on developments in the almond markets, subscribe to the Mintec Weekly Almond Report by emailing [Nuts@Mintecglobal.com](mailto:Nuts@Mintecglobal.com). The report, which is released each Thursday, provides in-depth information on pricing and market dynamics. Topics: [Nuts, Seeds & Dried Fruit](https://www.mintecglobal.com/top-stories/tag/nuts-seeds-dried-fruit) ![Aidan Wright](https://www.mintecglobal.com/hubfs/AidanW.jpg) Aidan Wright [## PRICE FORECASTING ## ![Mintec_logo_secondary_light](https://www.mintecglobal.com/hs-fs/hubfs/Redesign2018/Logos/Mintec_logo_secondary_light.png?width=120&name=Mintec_logo_secondary_light.png) Strengthen your buying strategy, control exposure to price risk Deliver future price predictions and hedging recommendations, by identifying key turning points and commodity trends.   LEARN MORE ](https://www.mintecglobal.com/forecasting) #### /You May Also Like ![Featured Image](https://www.mintecglobal.com/hubfs/Trade%20boat%20at%20the%20port%20of%20Miami-1.jpeg) [ANALYSIS: Black Sea Wheat Exports Face Logistical and Weather Challenges](https://www.mintecglobal.com/top-stories/analysis-black-sea-wheat-exports-face-logistical-and-weather-challenges) Grain markets in the Black Sea region are entering the second half of... 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