Forecast Million Lbs. % Change 1. Carryin August 1, ,677, ,001, %

Almond Industry Position Report FEBRUARY 2018 2017-2018 Crop Year Salable Forecast Million Lbs. 2017-2018 08/01-02/28 Kernel Wt. 2016-2017 08/01-02/28 Kernel Wt. % Change 1. Carryin August 1, 2017 398.7 398,677,112 412,001,125-3.23% 2. Crop Receipts to Date 2,250.0 2,250,453,030 2,125,904,345 5.86% 3. [2% Loss and Exempt] 45.0 (45,009,061) (42,518,087) 4. New Crop Marketable (2-3) 2,205.0 2,205,443,969 2,083,386,258 5.86% 5. [Reserve] n/a 0 0 6. Total Supply (1+4-5) 2,603.7 2,604,121,081 2,495,387,383 4.36% Shipments by Handlers 7. Domestic 700.0 409,630,047 387,624,888 5.68% 8. Export 1,500.0 1,012,666,006 881,291,923 14.91% 9. Total Shipments 2,200.0 1,422,296,053 1,268,916,811 12.09% 10. Forecasted Carryout 403.7 11. Computed Inventory (6-9) 1,181,825,028 1,226,470,572-3.64% Commitments (sold, not delivered)** 12. Domestic 13. Export 14. Total Committed Shipments 217,082,066 307,085,445 524,167,511 181,401,468 301,087,349 482,488,817 19.67% 1.99% 8.64% 15. Uncommitted Inventory (11-14) 657,657,517 743,981,755-11.60% Handlers reporting commitments represent 97% of the 2016/2017 crop MONTHLY REPORT OF SALABLE HANDLER SHIPMENTS 2017-2018 Crop Year 2016-2017 Crop Year 02/01-02/28 08/01-02/28 02/01-02/28 08/01-02/28 DOMESTIC Shelled 36,408,820 260,870,577 33,996,296 258,505,330 Manufactured 22,889,148 167,339,032 21,408,793 150,193,394 Products 354,932 3,867,323 420,914 2,131,307 Inshell 274,647 4,065,772 (31,038) 3,733,890 (Interhandler Transfers) (1,667,731) (9,261,109) (1,723,167) (13,661,590) (Industry Purchases) (4,506,713) (17,251,548) (2,263,667) (13,277,443) Total: 53,753,103 409,630,047 29% 51,808,131 387,624,888 31% EXPORT Shelled 103,995,636 640,158,540 76,836,650 570,551,344 Manufactured 11,489,166 84,865,491 10,084,970 72,231,994 Products 98,940 856,567 72,000 186,945 Inshell 20,795,666 286,785,408 13,462,098 238,321,640 Total: 136,379,408 1,012,666,006 71% 100,455,718 881,291,923 69% NET SHIPMENTS 190,132,511 1,422,296,053 100% 152,263,849 1,268,916,811 100% EXEMPT/INEDIBLE SHIPMENTS 315,997 8,035,892 295,894 3,832,102 Source: ABC Form 25 March 09, 2018

Global 2017/18 2017-2018 - Current 2017-2018 - YTD 2016-2017 - Current 2016-2017 - YTD Percent vs. Current Month - February, 2018 August 1 through February 28, 2018 Current Month - February, 2017 August 1 through February 28, 2017 Destination > 250,000 LBS. Current YTD are reported Total 2016/17 World Region Shiments YTD Destination SHELLED INSHELL TOTAL SHELLED INSHELL TOTAL SHELLED INSHELL TOTAL SHELLED INSHELL TOTAL + / - 85% 15% 100% 72% 28% 100% 87% 13% 100% 73% 27% 100% NORTH AMERICA 3% Canada 4,064,736 1,440 4,066,176 32,535,755 38,575 32,574,330 4,105,421 2,050 4,107,471 31,688,563 44,470 31,733,033 Mexico 1,620,128 0 1,620,128 12,990,015 0 12,990,015 1,305,582 0 1,305,582 11,786,690 2,100 11,788,790 5% Ttl NORTH AMERICA 5,684,864 1,440 5,686,304 45,582,730 38,575 45,621,305 5,411,003 2,050 5,413,053 43,488,213 46,570 43,534,783 LATIN AMERICA/CARIBBEAN 107% Argentina 239,000 0 239,000 1,752,819 17,073 1,769,892 72,000 0 72,000 846,350 8,309 854,659 98% Brazil 157,000 0 157,000 2,353,254 32,409 2,385,663 175,000 0 175,000 1,194,813 8,201 1,203,014 12% Chile 454,000 0 454,000 4,021,314 0 4,021,314 533,500 0 533,500 3,604,046 0 3,604,046 21% Colombia 149,750 0 149,750 1,478,520 0 1,478,520 113,000 0 113,000 1,222,080 0 1,222,080 41% Costa Rica 88,000 0 88,000 492,200 0 492,200 18,000 0 18,000 348,275 0 348,275 26% Peru 204,000 0 204,000 1,138,000 0 1,138,000 72,500 0 72,500 904,500 0 904,500 65% Trinidad 46,000 0 46,000 364,500 0 364,500 16,000 0 16,000 220,750 0 220,750 40% Ttl LATIN AMERICA/CARIBB 1,374,027 0 1,374,027 12,208,082 81,954 12,290,036 1,045,509 0 1,045,509 8,728,104 50,764 8,778,868 4% 11% Total AMERICAS 7,058,891 1,440 7,060,331 57,790,812 120,529 57,911,341 6,456,512 2,050 6,458,562 52,216,317 97,334 52,313,651 NORTHEAST ASIA 21% China/Hongkong 10,068,551 6,598,142 16,666,693 73,585,157 64,379,766 137,964,923 4,150,969 1,560,303 5,711,272 61,540,776 52,258,847 113,799,623 Japan 6,355,179 32,292 6,387,471 44,159,821 192,489 44,352,310 5,128,725 0 5,128,725 40,094,705 170,291 40,264,996 7% South Korea 4,703,300 0 4,703,300 31,588,445 0 31,588,445 4,228,952 0 4,228,952 29,417,614 0 29,417,614-7% Taiwan 863,000 0 863,000 6,951,122 322,633 7,273,755 592,000 15,759 607,759 7,525,397 266,472 7,791,869 16% Ttl NORTHEAST ASIA 21,990,030 6,630,434 28,620,464 156,284,545 64,894,888 221,179,433 14,100,646 1,576,062 15,676,708 138,582,092 52,695,610 191,277,702 SOUTHEAST ASIA 26% Indonesia 357,990 232,209 590,199 1,674,641 232,209 1,906,850 238,000 0 238,000 1,512,081 0 1,512,081-5% Malaysia 706,300 0 706,300 3,483,898 0 3,483,898 677,800 0 677,800 3,663,450 0 3,663,450-22% Philippines 1,817 0 1,817 280,550 0 280,550 70,000 0 70,000 361,817 0 361,817 3% Singapore 427,457 0 427,457 2,710,125 61,812 2,771,937 385,000 0 385,000 2,670,801 31,054 2,701,855-3% Thailand 316,950 0 316,950 2,456,375 0 2,456,375 520,000 0 520,000 2,539,385 0 2,539,385 Vietnam 1,152,000 3,488,644 4,640,644 9,083,903 31,878,471 40,962,374 167,000 326,013 493,013 3,778,128 33,395,800 37,173,928 8% Ttl SOUTHEAST ASIA 2,993,764 3,720,853 6,714,617 19,721,071 32,172,492 51,893,563 2,057,800 326,013 2,383,813 14,536,662 33,426,854 47,963,516 SOUTH/CENTRAL ASIA 0% Afghanistan 79,000 0 79,000 428,000 25,538 453,538 0 0 0 0 0 0 29% India 309,800 8,628,694 8,938,494 4,616,101 149,652,781 154,268,882 267,939 9,754,534 10,022,473 3,759,001 115,889,130 119,648,131 957% Kazakhstan 549,050 61,025 610,075 5,295,350 244,108 5,539,458 0 0 0 524,000 0 524,000-28% Pakistan 868,000 198,523 1,066,523 3,928,800 5,068,020 8,996,820 1,619,000 436,128 2,055,128 6,613,700 5,873,211 12,486,911-62% Tajikistan 0 0 0 791,950 0 791,950 395,800 0 395,800 2,064,350 0 2,064,350 26% Ttl SOUTH/CENTRAL ASIA 1,805,850 8,888,242 10,694,092 15,302,321 154,990,447 170,292,768 2,282,739 10,190,662 12,473,401 13,034,051 121,762,341 134,796,392 AUSTRALASIA/OCEANIA 30% Australia 331,216 0 331,216 2,299,944 0 2,299,944 406,060 0 406,060 1,761,109 8,672 1,769,781 55% New Zealand 603,450 0 603,450 2,658,285 0 2,658,285 238,100 0 238,100 1,718,299 0 1,718,299 43% Ttl AUSTRALASIA/OCEANIA 939,985 0 939,985 4,985,753 0 4,985,753 644,160 0 644,160 3,485,859 8,672 3,494,531 32% 19% Total ASIA-PACIFIC 27,729,629 19,239,529 46,969,158 196,293,690 252,057,827 448,351,517 19,085,345 12,092,737 31,178,082 169,638,664 207,893,477 377,532,141

Global 2017/18 2017-2018 - Current 2017-2018 - YTD 2016-2017 - Current 2016-2017 - YTD Percent vs. Current Month - February, 2018 August 1 through February 28, 2018 Current Month - February, 2017 August 1 through February 28, 2017 Total 2016/17 World Region Shiments YTD Destination SHELLED INSHELL TOTAL SHELLED INSHELL TOTAL SHELLED INSHELL TOTAL SHELLED INSHELL TOTAL + / - 85% 15% 100% 72% 28% 100% 87% 13% 100% 73% 27% 100% WESTERN EUROPE 28% Belgium 2,804,475 0 2,804,475 13,721,075 0 13,721,075 1,524,400 0 1,524,400 10,630,853 58,083 10,688,936 Denmark 526,000 0 526,000 5,209,350 0 5,209,350 484,000 0 484,000 4,746,108 0 4,746,108 21% France 2,517,972 44,000 2,561,972 18,851,824 61,010 18,912,834 2,374,419 0 2,374,419 15,633,594 16,835 15,650,429 16% Germany 14,763,010 0 14,763,010 81,534,732 0 81,534,732 10,708,800 0 10,708,800 70,162,679 93,794 70,256,473 20% Greece 936,000 13,547 949,547 6,800,093 54,971 6,855,064 439,750-191,700 248,050 5,627,564 98,681 5,726,245 31% Ireland 0 0 0 396,000 0 396,000 44,000 0 44,000 302,164 0 302,164 19% Italy 7,575,315 207,098 7,782,413 42,715,417 1,863,462 44,578,879 4,412,740 214,698 4,627,438 36,231,967 1,081,378 37,313,345 9% Netherlands 4,679,700 0 4,679,700 33,083,345 0 33,083,345 3,931,346 0 3,931,346 30,235,847 0 30,235,847 5% Norway 220,000 0 220,000 3,939,630 0 3,939,630 88,000 0 88,000 3,751,068 0 3,751,068 94% Portugal 176,000 0 176,000 2,014,450 0 2,014,450 88,000 0 88,000 1,036,589 0 1,036,589 7% Spain 21,296,607 159,385 21,455,992 118,636,153 992,771 119,628,924 17,141,642 177,159 17,318,801 110,117,340 1,798,624 111,915,964 23% Sweden 625,600 0 625,600 4,041,150 0 4,041,150 514,800 0 514,800 3,288,350 0 3,288,350-11% Switzerland 465,000 0 465,000 2,173,500 0 2,173,500 355,950 0 355,950 2,432,450 0 2,432,450 12% United Kingdom 2,658,266 0 2,658,266 22,520,970 30,775 22,551,745 3,321,888 0 3,321,888 20,141,885 0 20,141,885 13% -9% Ttl WESTERN EUROPE CENTRAL/EASTERN EUROPE Bulgaria 59,331,945 263,650 424,030 0 59,755,975 263,650 356,104,398 1,567,650 3,002,989 0 359,107,387 1,567,650 45,429,735 256,000 200,157 0 45,629,892 256,000 314,569,433 1,717,474 3,147,395 0 317,716,828 1,717,474 18% Croatia 88,000 0 88,000 1,359,050 0 1,359,050 88,000 0 88,000 1,155,850 0 1,155,850 36% Czech Republic 176,000 0 176,000 1,318,900 0 1,318,900 88,000 0 88,000 967,850 0 967,850 113% Estonia 1,188,000 0 1,188,000 6,591,200 63,347 6,654,547 352,000 0 352,000 3,118,800 0 3,118,800 330% Latvia 695,000 0 695,000 2,594,950 31,316 2,626,266 36,000 0 36,000 610,250 0 610,250 84% Lithuania 352,000 0 352,000 2,639,000 0 2,639,000 87,950 0 87,950 1,433,950 0 1,433,950 27% Poland 256,000 0 256,000 2,447,800 0 2,447,800 340,800 0 340,800 1,920,200 0 1,920,200-43% Romania 44,000 0 44,000 507,000 0 507,000 44,000 0 44,000 892,000 0 892,000 71% Russia 473,750 0 473,750 822,100 0 822,100 88,000 0 88,000 480,000 0 480,000 175% Ukraine 123,600 0 123,600 936,100 122,400 1,058,500 36,000 0 36,000 384,500 0 384,500 57% Ttl CENTRAL/EASTERN EURO 3,748,000 0 3,748,000 21,901,750 217,063 22,118,813 1,716,750 0 1,716,750 14,129,974 0 14,129,974 27% 15% Total EUROPE 63,079,945 424,030 63,503,975 378,006,148 3,220,052 381,226,200 47,146,485 200,157 47,346,642 328,699,407 3,147,395 331,846,802 MIDDLE EAST Bahrain 300,375 2,840 303,215 698,389 11,681 710,070 107,200 1,775 108,975 636,786 7,988 644,774 63% Cyprus 164,000 4,000 168,000 741,000 4,000 745,000 80,000 0 80,000 458,400 0 458,400 33% Iraq 172,000 0 172,000 520,000 0 520,000 180,000 0 180,000 390,000 0 390,000 5% Israel 537,750 0 537,750 5,886,135 149,042 6,035,177 1,215,000 0 1,215,000 5,669,750 95,923 5,765,673 3% Jordan 786,450-15,975 770,475 5,420,975 392,346 5,813,321 732,000 0 732,000 5,122,275 498,171 5,620,446-23% Kuwait 395,500 0 395,500 1,960,225 15,429 1,975,654 343,000 0 343,000 2,534,350 33,525 2,567,875 46% Lebanon 928,750 0 928,750 4,554,275 3,390 4,557,665 264,000 0 264,000 3,128,400 0 3,128,400 63% Qatar 319,500 8,875 328,375 1,083,000 8,875 1,091,875 203,000 0 203,000 668,000 0 668,000-26% Saudi Arabia 2,107,750 25,583 2,133,333 9,745,050 398,550 10,143,600 2,093,450 116,288 2,209,738 13,268,544 374,944 13,643,488 9% Turkey 3,592,250 221,821 3,814,071 17,718,569 22,025,883 39,744,452 1,680,878 258,119 1,938,997 15,906,988 20,609,114 36,516,102 12% United Arab Emirates 5,616,152 868,123 6,484,275 37,252,255 8,244,264 45,496,519 5,045,925 790,972 5,836,897 34,988,861 5,463,835 40,452,696 7% -58% Ttl MIDDLE EAST NORTH AFRICA Algeria 15,008,477 1,069,400 1,115,267 0 16,123,744 1,069,400 85,754,873 1,289,780 31,253,460 0 117,008,333 1,289,780 11,944,453 1,364,000 1,167,154 0 13,111,607 1,364,000 82,772,354 3,080,000 27,083,500 0 109,855,854 3,080,000-24% Egypt 476,000 15,400 491,400 1,208,000 101,590 1,309,590 116,000 0 116,000 1,614,225 99,934 1,714,159 178% Libya 44,000 0 44,000 300,000 0 300,000 36,000 0 36,000 108,000 0 108,000 199% Morocco 348,900 0 348,900 1,182,850 0 1,182,850 132,000 0 132,000 395,000 0 395,000-30% 12% Ttl NORTH AFRICA SUB-SAHARAN AFRICA South Africa 1,938,300 724,500 15,400 0 1,953,700 724,500 4,114,635 3,760,690 133,540 0 4,248,175 3,760,690 1,648,000 640,800 0 0 1,648,000 640,800 5,981,675 3,364,091 99,934 0 6,081,609 3,364,091 7% Ttl SUB-SAHARAN AFRICA 768,500 0 768,500 3,920,440 0 3,920,440 712,825 0 712,825 3,661,866 0 3,661,866 9% 5% Total MIDDLE EAST/AFRICA 17,715,277 1,130,667 18,845,944 93,789,948 31,387,000 125,176,948 14,305,278 1,167,154 15,472,432 92,415,895 27,183,434 119,599,329

Almond Board of California Almond Board Quality Control Receipts Report Industry Summary August 1, 2017 through February 28, 2018 From ABC Form 1 From USDA Inspection Certificates Variety Name Total Receipts Total Receipts Total Inedibles % of Total Receipts % Rejects Aldrich 70,950,198 70,482,501 1,922,474 3.15% 2.73% Avalon 6,983,160 6,930,659 387,660 0.31% 5.59% Butte 93,366,999 94,027,533 1,491,264 4.15% 1.59% Butte/Padre 243,498,264 240,903,722 3,177,476 10.82% 1.32% Carmel 132,945,668 130,739,788 3,273,748 5.91% 2.50% Carrion 376,824 315,162 6,843 0.02% 2.17% Folsom 1,423,401 1,419,532 28,035 0.06% 1.97% Fritz 107,322,210 105,661,344 2,853,995 4.77% 2.70% Hash 8,733,594 3,870,593 388,136 0.39% 10.03% Hashem 97,050 97,001 1,586 0.00% 1.64% Independence 56,123,880 56,982,651 1,345,607 2.49% 2.36% Livingston 5,499,953 5,452,877 154,135 0.24% 2.83% Marchini 393,598 397,756 27,433 0.02% 6.90% Marcona 2,151,318 2,099,702 34,482 0. 1.64% Merced 17,065 48,621 896 0.00% 1.84% Mission 10,871,215 11,089,522 94,537 0.48% 0.85% Mixed 36,453,582 48,621,065 3,961,584 1.62% 8.15% Mono 317,279 201,141 11,528 0.01% 5.73% Monterey 364,325,316 360,197,351 10,026,210 16.19% 2.78% Morley 534,245 599,581 8,092 0.02% 1.35% Neplus 765,995 721,640 37,119 0.03% 5.14% Nonpareil 917,380,995 911,654,048 20,801,789 40.76% 2.28% Padre 33,534,690 33,652,473 223,454 1.49% 0.66% Peerless 3,997,171 3,966,471 41,743 0.18% 1.05% Price 20,745,772 19,610,155 385,611 0.92% 1.97% Ruby 2,331,874 2,300,865 40,015 0. 1.74% Savana 280,864 136,739 3,176 0.01% 2.32% Sonora 31,436,156 30,731,636 1,078,788 1.40% 3.51% Supareil 4,047,410 4,037,234 95,259 0.18% 2.36% Thompson 509,136 209,542 6,702 0.02% 3.20% Tokyo 380,013 374,886 5,582 0.02% 1.49% Winters 9,442,703 9,278,120 384,294 0.42% 4.14% Wood Colony 82,139,681 81,062,351 1,491,794 3.65% 1.84% Major Varieties Sub Total 2,249,377,279 2,237,874,262 53,791,047 99.95% 2.40% Minor Varieties Sub Total 1,075,751 970,159 20,678 0.05% 2.13% Grand Total All Varieties 2,250,453,030 2,238,844,421 53,811,725 100.00% 2.40% This report is subject to futher verification of handler's receipts and futher reconciliation of USDA Incoming Certificates Friday, March 9, 2018

Almond Board of California Record Breaking History Million Pounds Domestic 17/18 vs. 16/17 17/18 16/17 15/16 14/15 13/14 12/13 11/12 10/11 9/10 8/9 August 14.4% 67.25 58.80 53.98 51.14 50.67 48.28 43.54 45.77 39.06 33.29 September -13.3% 50.44 58.20 50.60 48.48 49.63 37.29 42.50 38.13 34.04 36.54 October 6.3% 63.91 60.11 50.50 64.23 59.42 61.10 51.69 49.01 44.38 43.30 November 17.0% 61.12 52.25 48.80 51.56 58.86 54.45 53.40 45.17 35.94 31.05 December 7.7% 52.97 49.17 42.82 48.13 47.14 39.15 36.64 40.62 33.88 27.75 January 5.0% 60.18 57.29 44.99 53.07 52.25 44.65 38.02 37.09 34.12 25.50 February 3.7% 53.75 51.81 51.11 49.27 54.47 43.18 38.74 32.36 34.45 35.52 March 56.20 41.70 56.26 57.01 52.20 48.49 43.30 36.90 36.30 April 50.77 50.95 58.74 50.87 51.36 45.45 39.93 37.27 32.14 May 58.60 53.36 52.35 54.64 54.31 53.72 42.79 39.25 33.00 June 65.30 53.36 54.31 53.35 51.28 49.61 39.40 39.68 37.21 July 57.47 51.03 51.86 53.50 51.15 44.90 36.11 40.53 39.38 Total 5.67% 409.62 675.97 593.20 639.40 641.81 588.40 546.70 489.68 449.50 410.98 Export 17/18 vs. 16/17 17/18 16/17 15/16 14/15 August -8.9% 101.32 111.22 72.19 90.55 97.26 91.37 67.99 79.75 84.69 63.39 September -2.2% 140.14 143.36 92.38 114.55 127.48 118.56 123.67 113.00 100.24 100.67 October 4.1% 182.58 175.44 112.08 140.41 169.19 159.93 167.87 140.11 123.67 114.28 November 23.7% 167.34 135.26 91.72 94.00 139.58 129.54 159.69 128.22 109.52 87.19 December 41.6% 151.59 107.05 92.60 100.00 110.46 120.10 120.56 120.35 113.60 65.87 January 22.9% 133.32 108.51 84.25 62.30 108.03 111.87 115.66 82.74 88.00 67.10 February 35.8% 136.38 100.46 103.94 90.71 94.87 116.83 111.11 83.32 81.05 80.95 March 121.99 119.38 133.88 94.28 88.44 124.05 87.14 70.41 69.95 April 101.21 116.59 92.36 86.85 78.16 103.07 86.44 68.40 79.64 May 112.09 124.71 87.25 89.09 77.25 91.70 87.63 52.72 86.39 June 111.75 120.66 96.49 99.48 86.00 91.72 95.60 58.08 81.23 July 96.49 87.55 70.65 79.01 100.01 74.82 73.57 71.55 81.71 Total 14.91% 13/14 1,012.67 1,424.83 1,218.05 1,173.15 1,295.58 1,278.06 1,351.91 1,177.87 1,021.93 978.37 12/13 11/12 10/11 9/10 8/9 Net 17/18 vs. 16/17 17/18 16/17 15/16 14/15 August -0.9% 168.57 170.02 126.17 141.69 147.93 139.65 111.53 125.52 123.76 96.68 September -5.4% 190.58 201.56 142.98 163.02 177.11 155.85 166.18 151.13 134.28 137.21 October 4.6% 246.49 235.55 162.58 204.64 228.61 221.03 219.55 189.12 168.05 157.58 November 21.8% 228.46 187.51 140.52 145.56 198.45 183.99 213.10 173.39 145.46 118.24 December 30.9% 204.56 156.22 135.42 148.14 157.60 159.24 157.21 160.97 147.48 93.63 January 16.7% 193.50 165.80 129.24 115.37 160.27 156.52 153.68 119.83 122.11 92.60 February 24.9% 190.13 152.26 155.05 139.98 149.34 160.02 149.85 115.68 115.50 116.47 March 178.19 161.08 190.14 151.29 140.64 172.54 130.44 107.32 106.25 April 151.98 167.55 151.09 137.72 129.52 148.52 126.37 105.68 111.78 May 170.69 178.07 139.60 143.73 131.56 145.42 130.42 91.97 119.39 June 177.05 174.01 150.80 152.82 137.28 141.32 135.00 97.77 118.44 July 153.97 138.58 122.51 132.51 151.16 119.72 109.69 112.08 121.09 Total 12.09% 13/14 1,422.29 2,100.80 1,811.25 1,812.54 1,937.38 1,866.46 1,898.62 1,667.56 1,471.46 1,389.36 12/13 11/12 10/11 9/10 8/9