California Walnut Board Releases 2007 Inventory Numbers

The California Walnut Board released its final inventory number today on the 2007 crop. The final inventory is 32,141 tons. This is slightly below the projected final inventory number of 35,000 tons. This places the final inventory at 8.8% of the previous year's available supply (which includes the 2007 crop of 323,000 tons plus the final inventory from the 2006 crop of 40,578 tons). This is the lowest inventory as a percentage of the previous year's supply in at least the past thirty years.