Bountiful Market Updated: April 2024 Position Report

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Bountiful Market is updated with new data from the April 2024 Almond Board of California position report.

Monthly Shipments
Carry-out trends
Crop Receipts by Variety
Total Marketable Supply, Shipments vs Commitments

📈 Almond Crop Receipts Down Over 2022

April's position report marks the ninth month of the 2023/2024 marketing year. Crop receipts to date: 2,439,215,355 lbs down -4.85% over last year.

Monthly new crop receipts:

The monthly new crop received per ABC form 1 reporting

April: 1,897,891 lbs down -93.20% over March
March: 27,892,910 lbs

📊 TMS, Shipments & Commitments

April's new crop receipts bring the Total Marketable Supply to 3,190,723,385 lbs, down -4.73% over last year.

2023/2024 % TMS shipped to date: 65.20% up +7.53% over last month up +5.61% over last year.

2023/2024 % Sold to date: 82.52% up +6.81% over last month and up +6.07% over last year.

🚢 2023 Shipments

April's shipments: 241,481,637 lbs up +1.87% over last month and up +22.42% over last year.

2023/2024 total shipments to date: 2,080,325,576 lbs up +4.24% over last year.

🔮 Future Demand

Total new sales for April: 218,625,283 lbs up +20.34% over last month and up +90.63% over last year.

📈 Crop Receipt Projections

Following the December position report we run a forward projection on ABC form 1 crop receipts to get an idea of the total size of the crop.

The methodology we use for our crop receipt projections is different from our in-season machine learning forecasts. Our 2023 in-season forecasts are complete and have not been updated since we released a final forecast in July.

For our crop receipt projection, we only use ABC form 1 crop receipt data for current and historical years. The model we use looks for a pattern in how crop receipts are coming in month over month.

As of April ABC form 1 crop receipts, final crop receipts are projected to be 2.44 - 2.45 B lbs. You can reference this in the image below 2023/2024 marketing year is in light blue.

📊 Bountiful's 2023 forecasts

Following the August position report, we publicly share all forecasts released on the Bountiful platform, to our Premium, Farm, and Industry Subscribers, throughout the 2023 crop year.