Almond Price Trend and Forecast 2026-2027

Market Overview

Almond prices in Germany, the highest-cost reporting region reflecting European import and distribution costs, rose 2.7% in Q2 2026 to USD 11,400.00/MT from USD 11,100.00/MT in Q1, continuing a steady climb. Chinese import prices rose 2.8% to USD 10,793.00/MT, tracking the same upward trajectory. US farm-gate prices, by contrast, remained far more volatile and far lower in absolute terms given they reflect grower-level pricing rather than landed import costs, edging up 1.5% to the equivalent of roughly USD 5,842.00/MT. Globally, the average rose from USD 9,634.80/MT in Q1 to USD 9,888.62/MT in Q2, a 2.6% gain. For H2 2026, a global average of USD 9,400.00-10,600.00/MT is expected, with decreased California production continuing to support firmer pricing across both US and international markets.

Almond, the seed of Prunus dulcis, is a tree nut cultivated predominantly in California, which supplies the large majority of global commercial almond production, alongside growing production in Australia, Spain, and other Mediterranean climate regions. It serves widespread applications in snacking, confectionery, bakery, dairy alternatives such as almond milk, and cosmetics through almond oil extraction, with demand continuing to grow on health-conscious consumer trends favoring plant-based protein sources. California production volatility, driven by weather events such as frost during bloom season, has an outsized influence on global pricing given the state's dominant market share. California harvest conditions and production volumes, trade policy including tariffs, and health-driven consumer demand trends are what drive prices in this market.

Almond Price Forecast for 2026

The outlook for Almond through H2 2026 points to continued firm pricing, supported by structural demand from health-oriented consumer trends, dairy alternative products, and expanding snacking applications. Decreased California production has been a persistent theme shaping this market, and that trend is expected to continue supporting prices in both the US and Indian markets through the remainder of the year, even as the timing and scale of individual price movements will continue to reflect harvest-specific and trade-policy-specific developments.

The main upside risk is a further weather-related disruption to the California crop, such as frost during the critical bloom season, which could tighten global supply further given the state's outsized market share. The main downside risk is a larger-than-expected California harvest combined with softer consumer demand, which would ease the current price pressure.

For the Quarter Ending June 2026

Almond Prices Q2 2026:

• Germany: USD 11,400.00/MT
• China: USD 10,793.00/MT
• India: USD 10,493.00/MT
• United States: USD 5,842.00/MT

Almond Prices in Germany

German Almond prices averaged USD 11,400.00/MT in Q2 2026, the highest of any region tracked here, up 2.7% from USD 11,100.00/MT in Q1, reflecting steady European import and distribution costs.

Why did the price of Almond change in Q2 2026 in Germany?

Decreased California production, the world's dominant supply source, continued supporting firmer international pricing, with steady demand from German food processing and retail sectors keeping this import-dependent market at the top of the range tracked in this report.

Almond Prices in China

Chinese import prices averaged USD 10,793.00/MT in Q2 2026, up 2.8% from USD 10,500.00/MT in Q1, tracking the broader global firming trend tied to decreased California production.

Why did the price of Almond change in Q2 2026 in China?

Continued strength in demand for almonds and other nuts, tied to health-conscious consumer trends and rising snacking consumption, kept Chinese import prices on their established upward trajectory.

Almond Prices in India

Indian import prices averaged USD 10,493.00/MT in Q2 2026, up 2.9% from USD 10,200.00/MT in Q1, as growing demand for snacking and health-food applications continued supporting gains.

Why did the price of Almond change in Q2 2026 in India?

Growing consumer demand for plant-based protein sources and health-focused snacking products kept Indian buyers active, supporting continued gains even as the broader market tracked the underlying California supply picture.

Almond Prices in the United States

US farm-gate prices, reflecting grower-level pricing far below international landed import costs, averaged the equivalent of roughly USD 5,842.00/MT in Q2 2026, up 1.5% from USD 5,754.00/MT in Q1.

Why did the price of Almond change in Q2 2026 in the United States?

US grower-level prices continued their characteristically volatile pattern, shaped by harvest timing, trade policy developments, and currency fluctuations, with the overall trajectory remaining modestly upward as decreased California production supported firmer sentiment.

For the Quarter Ending March 2026

Almond Prices Q1 2026:

• Germany: USD 11,100.00/MT
• China: USD 10,500.00/MT
• India: USD 10,200.00/MT
• United States: USD 5,754.00/MT

Almond Prices in Germany

German prices rose 6.7% in Q1 2026 to USD 11,100.00/MT from USD 10,400.00/MT in Q4 2025, tracking decreased California production.

Why did the price of Almond change in Q1 2026 in Germany?

Decreased production in California drove almond prices higher across international markets, a trend industry observers expected to continue through both the US and Indian markets given California's outsized share of global supply.

Almond Prices in China

Chinese import prices rose 7.1% in Q1 2026 to USD 10,500.00/MT from USD 9,800.00/MT in Q4 2025, as tighter global supply continued pushing prices higher.

Why did the price of Almond change in Q1 2026 in China?

The influence of trade policies, such as tariffs, and environmental factors, like frosts in major producing regions, continued shaping price dynamics, with buyers and processors adjusting procurement strategies in response to the tighter supply picture.

Almond Prices in India

Indian import prices rose 7.4% in Q1 2026 to USD 10,200.00/MT from USD 9,500.00/MT in Q4 2025, tracking the broader global tightening.

Why did the price of Almond change in Q1 2026 in India?

Higher demand for almonds and other nuts led to continued price increases, building on a pattern that had also seen festival season demand drive prices upward in the prior cycle.

Almond Prices in the United States

US grower-level prices rose 2.3% in Q1 2026 to the equivalent of USD 5,754.00/MT from USD 5,622.00/MT in Q4 2025, continuing to recover from a sharp mid-2025 dip.

Why did the price of Almond change in Q1 2026 in the United States?

Almond prices moved sharply up in early 2025 but faced sudden declines mid-year before ending the year with cautious sentiment, and grower-level pricing continued a gradual recovery into 2026, highlighting the influence of trade policies and environmental factors like frosts in major producing regions.

Quarterly Almond Price Trends

Global Almond prices, reflected here through international import benchmarks, climbed steadily through most of 2025 and into 2026 as decreased California production tightened global supply, even as US grower-level farm-gate prices followed a far more volatile path, spiking sharply in early 2025, correcting hard by mid-year, and then gradually recovering.

What was Almond Price in 2025?

Almond prices moved in genuinely different directions across the markets covered in this report through 2025. International import benchmarks in Germany, China, and India all firmed steadily on decreased California production, while US farm-gate prices actually declined slightly for the year on a net basis, masking a highly volatile path that included a sharp early-year surge and an equally sharp mid-year correction.

Almond Prices in Germany in 2025

German import prices firmed from about USD 9,800.00/MT in Q1 2025 to USD 10,400.00/MT by Q4, a gain of roughly 6.1%, tracking decreased California production through the year.

Almond Prices in China in 2025

Chinese import prices firmed from about USD 9,200.00/MT in Q1 2025 to USD 9,800.00/MT by Q4, up roughly 6.5%, tracking the same underlying supply tightness.

Almond Prices in India in 2025

Indian import prices firmed from about USD 8,900.00/MT in Q1 2025 to USD 9,500.00/MT by Q4, a gain of roughly 6.7%, the strongest annual increase of the four regions, supported by growing health-food demand.

Almond Prices in the United States in 2025

US grower-level prices actually declined slightly on a net annual basis, from about USD 5,732.00/MT in Q1 2025 to USD 5,622.00/MT by Q4, down roughly 1.9%, a modest net figure that masks a sharp Q2 2025 surge followed by an equally sharp Q3 correction.

How We Can Help

Expert Market Research: Your Source for Real-Time Almond Price Intelligence

Expert Market Research tracks Almond prices continuously across every major producing and consuming region, combining California harvest and production data, trade policy developments, and health-driven consumer demand signals into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the harvest-driven trends covered in this report, and build a defensible view of where this widely consumed tree nut is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.