Rabo Ag Focus - US Almonds
Almonds are currently the shining star in California's agricultural portfolio. Record crops coupled with record prices have yielded excellent profits, and have also stimulated aggressive plantings with the anticipation of several more years of good fortune. California will continue to be well-positioned to meet long-term global demand for almonds. Australia will eventually become a competitor to the major Asian export destinations. Inititiatives to position California almonds as a premium variety wil help address this competition over time.
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