Bountiful Market Updated: March 2024 Position Report

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Bountiful Market is updated with new data from the March 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

March's position report marks the eighth month of the 2023/2024 marketing year. Crop receipts to date: 2,437,317,464 lbs down -4.07% over last year.

Monthly new crop receipts:

The monthly new crop received per ABC form 1 reporting

March: 27,892,910 lbs up +53.20% over February
February: 18,206,358 lbs

📊 TMS, Shipments & Commitments

March's new crop receipts bring the Total Marketable Supply to 3,188,863,452 lbs, down -4.15% over last year.

2023/2024 % TMS shipped to date: 57.66% up +6.99% over last month up +3.61% over last year.

2023/2024 % Sold to date: 75.71% up +5.09% over last month and up +2.20% over last year.

🚢 2023 Shipments

March's shipments: 237,041,313 lbs up +7.20% over last month and down -15.66% over last year.

2023/2024 total shipments to date: 1,838,843,939 lbs up +2.25% over last year.

🔮 Future Demand

Total new sales for March: 181,672,261 lbs down -15.35% over last month and up +26.51% 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 March ABC form 1 crop receipts, final crop receipts are projected to be 2.44-2.46 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.