Australia: Macadamia growers wait for fair crack at the farmgate

Published Apr 25, 2024

Tridge summary

Australia's macadamia nuts are the third most valuable horticulture export, but the farmgate prices are not reflecting their value. The average price last year was $1.85 versus $4.45 in 2022. The Australian Macadamia Society is working to remain competitive against growing overseas competition. Suncoast Gold Macadamias exports 80% of the macadamias they receive, with their biggest markets being China, Japan, Korea, and New Zealand. The company is developing a plan to secure their position in the market by working closely with customers to grow their product range.

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

Original content

Suncoast Gold Macadamias general manager Julian Lancaster-Smith at their processing plant in Gympie. Picture by: Kelly Mason Australia has cracked the overseas macadamia market, but farmgate prices are stalling. According to research published in a Queensland government report this year titled 'US grants new access for Australian roasted macadamia nuts', macadamia nuts are now our third most valuable horticulture export, but the price isn't reflecting the value. Suncoast Gold Macadamias general manager Julian Lancaster-Smith said last year prices fell to "probably" the lowest on record. "The industry has forecast a slightly lower initial target than last year, and that's for a few reasons," Mr Lancaster-Smith said. "The official price that the Australian Macadamia Society gets every year from the DPI, is pretty much lineball with last year. "The unknown is the effect the price had on the market from 2023, into 2024 and the inputs on various farms that would give rise to high ...

Source: Queenslandcountrylife