Almond industry cracks $100m export sales record

The Australian almond industry has broken through the $100 million barrier for export sales achieved in a single month.

The Australian Bureau of Statistics (ABS) has reported that overseas shipments of almonds had a value of $118 million dollars for the month of June 2015.

This is the highest ever figure for monthly sales, beating the previous amount of $90 million shipped in May this year.

The Almond Board of Australia has cited strong demand for Australian almonds, the lower Australian dollar and high export prices as the key drivers behind the record.

Rural Funds Management (RFM) is the responsible entity of Rural Funds Group (RFF: ASX), a trust which owns almond orchards in the Riverina region of NSW.  RFF assets include 1,800 hectares of established orchards and 600 hectares of orchard under development.

The orchards are leased to three main counterparts; Select Harvests Ltd (ASX: SHV), Olam Orchards Australia Pty Ltd and three separate almond funds managed by RFM.

More information on the RFF almond assets and leases are available HERE.