The nut is the one of the most valuable horticultural exports from Australia and a safe crop to invest in, says Hari Yellina
Good news for almond growers in Australia. Latest predictions from the industry are that almonds will create approximately 10% of Australia’s gross value of production. Hence, almonds are a crop that is booming in current times.
Australia is the second-largest producer of almonds, which are grown along the Murray Valley in South Australia. Almonds can also be found in Victoria and New South Wales. Also, the three major varieties that are grown in this nation are Nonpariel, Carmel and Price. Some other types construct 7.3% of the total plantings.
In current times, almonds are identified as the primary source of profit in Australia’s horticultural world. In the 2015, the almond was crowned the most valuable horticultural export; whose estimated annual export sales were $422 million. This achievement marked a 14% increase from the previous year’s sale. Moreover, the profit of almonds from January to June increased up to 54%. However, the lack of production during the rest of the months in the year suppressed sales heavily.
But the sales of the domestic market grew over 6% during the marketing year from March to February. The total amount that was recorded amounted to 22,033 tonnes. In fact, the domestic sale of almonds has exponentially increased by 55% over the last five years. Therefore, the success of this industry is leading to a significant orchard expansion.
In recent times, the almond industry is expanding exponentially with each passing year. It has been estimated that the orchard area will reach 130,000 tonnes in 2025. Moreover, almonds have become a safe crop to invest in due to the high mechanization of the industry.
Interestingly enough, consumer demands for almonds are soaring every year. The suitability of almonds to the large-scale orchards makes it a crop that is highly stable and profitable.