Tree Nut Outlook Mixed as Tightening Almond Supply Supports Prices, While Pistachios Hold Steady

California almond acreage tightens while pistachios shift into an off-year, shaping a mixed outlook for prices and supply in the tree nut market.

SAN JOAQUIN VALLEY, CALIFORNIA (RFD News) — Two different trends are shaping California’s tree nut industry. Almond acreage is tightening after several years of pressure, while pistachios are moving from a strong production year into a lighter crop cycle.

Producer William Bourdeau says those shifts could begin to show up in the marketplace, explaining that tightening supply could help bring almond prices closer to balance as demand strengthens.

“You know, I’m optimistic that almond prices will improve, and there’s a lot of acres that came out of production. There are a lot of acres that were deficit-irrigated. They’re a sensitive crop, and so I do think supply and demand equilibrium will start sorting itself out. And as demand increases and supply goes down, the price should improve. And so I’m optimistic.”

On the other hand, pistachio prices are holding steady, despite a shifting outlook for the upcoming harvest.

“Pistachios, we still have a decent price,” Bourdeau said. “I think this is an off year. So we had a really big crop last year. It’s going to be a more modest crop this year. So I think prices will remain close to the same as last year. And so I’m very optimistic that pistachios, if we don’t have some strange weather events or something that adversely impacts the yield, I feel really good about pistachios in the near term.”

He adds that, barring weather disruptions, pistachios are expected to remain steady in the months ahead.

Related Stories
Farmers await concrete trade commitments from China. Until then, export prospects for soybeans, corn, and sorghum remain uncertain against strong South American competition.
National Sorghum Producers CEO Tim Lust said farmers face a challenging year with strong supply, murky trade conditions, and uncertain access to their largest market: China.
RFD-TV Markets Expert Tony St. James breaks down the state of agribusiness and harvest progress across the U.S. for the week of Monday, September 15, 2025.
U.S. trade talks with China resume, but meat industry leaders say dealing with shifting demand and market uncertainty is nothing new in this side of the ag sector.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.

Knoxville native Neal Burnette-Irwin is a graduate from MTSU where he majored in Journalism and Entertainment Studies. He works as a digital content producer with RFD News and is represented by multiple talent agencies in Nashville and Chicago.


LATEST STORIES BY THIS AUTHOR:

While this month’s WASDE report will not include updated figures on U.S. crop size, officials say it will offer a clearer picture of crop conditions in the Southern Hemisphere.
USTR Jamieson Greer signals a narrower trade deal with China, adding more market uncertainty. The Farm Bureau also supports reviewing China’s missed trade commitments under the Phase One.
Southern producers head into 2026 with thin margins, tighter credit, and rising agronomic risks despite scattered yield improvements.
Record yields and exceptionally low BCFM strengthen U.S. corn’s competitive position in global markets.
Raulston Acres Christmas Tree Farm in Rock Springs, Ga., has been in the same family for three generations.
Agriculture Shows
Hosted by Scott “The Cow Guy” Shellady and RFD News Markets Specialist Tony St. James, Commodity Talk delivers expert insight into the day’s ag commodity markets just before the CME opens. Only on RFD-TV and Rural Radio SiriusXM Channel 147.
A look at the news, weather and commodities headlines that drove agriculture markets in the past week.
Everything profits from prairie. Soil, air, water — and all kinds of life! Learn how you can improve your land with prairie restoration, cover crops and prairie strips, while growing your bottom line.
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.