Macadamia Prices in Australia Stabilize Amid Crop Shortfall and Strong Demand

Macadamia prices in Australia saw a decline in August but stabilized in September due to increased buyer interest and a lower crop forecast. The Australian Macadamia Society reduced the 2023 crop estimate, yet despite lower yields, the crop's quality is notably high. Strong buying interest, especially from China, combined with the crop shortfall, suggests prices will likely trend upwards in the short term.