China's strong demand clears South Africa's inventory, macadamia prices may increase by 10-30%

According to South African media Independent Online, Roelof van Rooyen, director of Global Macadamias, a South African macadamia nut processor and exporter, said that although macadamia prices have fallen in the past two years and the industry is in a difficult situation, prices have recently rebounded. He believes that compared with other commodities, macadamia nuts can still provide a good return on investment. "Although prices fell last year, the entire industry is still in a healthy state of development. We have the best fruit growers in the world, well-equipped processing facilities, and strong demand." South Africa's macadamia production this year is expected to increase by nearly 14%, from about 78,000 tons of shelled nuts last year to 90,135 tons, ranking first in the world's macadamia production. The company said that macadamia prices are recovering from last year's historical lows. This year's harvest is about to begin, and people are optimistic about it. But industry ...