Price pressure on macadamia nut in Australia as global supply ramps up

Published 2022년 11월 6일

Tridge summary

The Australian macadamia industry is facing a challenging year as wholesale prices fall and threaten to drop below the cost of inputs, a situation not seen since 1990. This is due to increased supply of cheaper nuts like almonds and a demand slump caused by COVID-19. Growers are urged to shop around for processors and input prices, with some expecting the price drop to continue, reaching as low as $2.50/kg next year. However, those with excellent kernel recovery may still make a profit. The industry is also struggling with limited handling and processing capacity, particularly with large crops from the Burnett region. There is optimism that marketing and capacity issues will improve in the future.

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

Original content

Vilma Giacomini, North Lismore, NSW, has weathered price storms before and will survive next year's shake-up because excellent kernel recovery will push her base price above the cost of inputs. The macadamia industry is entering nervous territory and growers are keeping a close eye on falling wholesale prices. With the Australian macadamia industry set to gather on the Gold Coast this week, the likely topic on everyone's lips will be markets. Not since 1990 has the macadamia industry faced a price below input cost, as world supply of cheaper nuts, notably almonds, continue to challenge the market. Meanwhile, demand slump as a result of COVID-19, and increased production in South Africa, remains unresolved and those who've been around before reckon it will be 2024 before the mood lifts. Nut chips are the hardest to move and now some growers are calling out processors who have not worked harder to sell supply in a time of falling prices. The macadamia industry had been expecting a ...

Source: Queenslandcountrylife