Australian macadamia nut prices fall, and China’s shell nut imports surge by more than 80%

The Australian Macadamia Nut Society (AMS) recently released the final data on Australian macadamia nut production in 2023. This year, the industry produced a total of 48,400 tons of shell nuts (moisture content 3.5%) or 51,900 tons (moisture content 10%), which is consistent with the figures released in September. The latest forecast is consistent. In the September production forecast, shell nut production is expected to be 48,500 tons (moisture content 3.5%) or 52,000 tons (moisture content 10%). 2023 was a challenging year for growers, with the season falling short of initial expectations due to lower-than-expected yields and lower farm-to-gate prices. Nonetheless, final production was only slightly better than the previous year's The record yield is about 8% lower, and the kernel quality of the nuts is also very good. Weather conditions in early spring in all major macadamia-growing regions in Australia are favorable for flowering, coupled with a significant number of new ...