US Fruit and Tree Nut Supply-side and Export Outlook

The US fruit and tree nut industries have been impacted by a combination of factors such as elevated input costs, logistical challenges, exchange rates, and more. In addition, in the case of tree nuts, elevated inventories have put downward pressure on prices. There are some positive developments for the 2023/24 season, including more affordable inputs, an improved water outlook in California, and better logistics, to name a few. Tree nut exports are expected to continue to improve, while prices for some nuts are getting a much-needed lift. Against this backdrop, adopting innovations to increase production efficiencies will be key to remaining competitive in the tree nut and fresh fruit markets.