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Australian almond producers target Asia as drought hits California

Reuters  |  SYDNEY 

By Colin PackhamSYDNEY (Reuters) - Australian almond producers are boosting output to meet growing Asian demand for the nut used for making milk and eaten as a healthy snack, hoping to steal market share from dominant U.S. farmers struggling because of protracted drought in California.Australia's production hit a record 80,000 tonnes in the 2014/15 season, government data shows, having grown 90 percent over the past four years. It is the world's second-biggest producer, although still way behind the United States.U.S. output, almost all of it from California, fell 7 percent last year, but its ...

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First Published: Fri, May 08 2015. 02:39 IST
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