Saturday, July 08, 2006

Outlooks for 2006 Wine Grapes, Almonds and Pistachios

Over 75 percent of the California crop goes into export, with stable pricing for European markets, where almonds have been replacing hazelnuts in confectionary products.

Strong demand for California almonds will hold, but growers need to brace for lower returns as overseas areas compete with increased production, according to Jim Zion, managing director of Meridian Nut Growers in Fresno, Calif.

Zion analyzed the almond outlook in a talk before the recent spring outlook forum of the California Chapter of the American Society of Farm Managers and Rural Appraisers in Visalia, Calif.

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