# Bountiful Market Updated: March 2024 Position Report By [Megan Nunes](https://blog.bountiful.ag/author/megan-nunes) ยท 1 minute read [Bountiful Market](https://app.bountiful.ag/market?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8PRRz3tq1KjMn_JRldh4XFE0mAwGkAQlsf5S2aTEmLtJPnTZ1PfEzShRImde2FkCrmKE5f) is updated with new data from the [March 2024 Almond Board of California position report.](https://www.almonds.com/sites/default/files/2024-04/2024.03_PosRpt_6565.pdf) On the [Bountiful platform](http://app.bountiful.ag/) for your: - Monthly Shipments - Carry-out trends - Crop Receipts by Variety - Total Marketable Supply, Shipments vs Commitments --- ### ๐Ÿ“ˆ 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** ### ๐Ÿ“Š 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. ### ๐Ÿšข 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. ### ๐Ÿ”ฎ Future Demand Total new sales for March: 181,672,261 lbs down -15.35% over last month and up +26.51% over last year. ### ๐Ÿ“ˆย 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](https://medium.com/@BountifulAg/forget-everything-you-know-about-forecasting-81b28ca05d2d?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--ysKh1A6_W5GpKtM9OylXtLllLCWgEJUXOCKBgvELZ2L-XVT2GjTBY4X4vxMuD6tsRnEOE). 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. ### **๐Ÿ“Š Bountiful's 2023 forecasts** Following the August position report, we publicly share all forecasts released on the [Bountiful platform](https://app.bountiful.ag/login?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8PRRz3tq1KjMn_JRldh4XFE0mAwGkAQlsf5S2aTEmLtJPnTZ1PfEzShRImde2FkCrmKE5f), to our Premium, Farm, and Industry Subscribers, throughout the 2023 crop year.