MODESTO — Almond prices in California have dropped significantly in the past few months.
A farmer who could sell a pound of almonds for nearly $5 last summer is now getting as little as $3.10.
Farmers say a downturn was inevitable after years of rising prices and an explosion in production.
The weakening of economies in key markets such as China has also contributed to the drop in prices.
The Sacramento Bee reports Sunday (http://bit.ly/1OZDbFT ) some experts say the decline in prices could bring a pause in the relentless planting that has seen almond acreage grow 50 percent in the past decade.
But others contend the industry’s long-term prospects remain strong.