Australia: Macadamias look to India for export growth

Published 2023년 6월 27일

Tridge summary

The Australian macadamia industry is looking to increase its exports to India, following the ratification of an interim free trade agreement. Although the Indian market for macadamia nuts is currently small, there is a growing demand for healthier and premium products among wealthier consumers in the country. The industry plans to invest in activities such as partnering with premium restaurants and launching a Mumbai Macadamia Festival to promote the nut as a hero ingredient.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A MUMBAI Macadamia Festival is just one of the ideas pitched to help get more Australian macadamias into Indian mouths. The Australian macadamia industry has its eyes firmly set on India as the next major export destination. Australia recently ratified an interim Indian free trade agreement and the two nations are pushing to finalise a full deal by the end of the year. While it currently sits at 21 per cent, the trade tariff with India will incrementally decrease to 0pc from 2028 onwards for macadamia nuts. With a population of 1.38 billion, there is good reason to entice consumers to embrace the Australian native nut. Australian Macadamia Society marketing manager, Jacqui Price, spoke at Hort Connections 2023 in June about the industry's experience making inroads to India. She said Australia was expected to reach 80,000 tonnes in production by 2030. The rise in output also coincides with a rising global supply with the world crop forecasted to double. Macadamias boast a farmgate ...

Source: Farmweekly