Macadamia nut production is lower than expected, and global supply may be in short supply around the Spring Festival

Published Nov 29, 2024

Tridge summary

South Africa is experiencing a decrease in macadamia nut production due to heavy rainfall and a cool summer, with the forecast at 76,753 tons, a 3.7% drop from last year and a 12% decrease from the season's initial forecast. Kenya's production may also fall short of expectations, but is expected to surpass last year's production by 3.5%, largely due to China's increased sourcing of macadamia nuts in shell following the temporary export ban's lifting. Australia's production has seen a 5% increase from last year, but falls short of the initial forecast, with a total of 50,830 tons harvested despite initial weather challenges.

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

Original content

In South Africa, market participants expect a slight decline in production. The current forecast is 76,753 tons, 3.7% less than last year and 12% less than forecast at the beginning of the season. This is mainly due to heavy rainfall at the beginning of the season and a relatively cool summer, both of which have had a negative impact on production as well as the size and quality of macadamia nuts. Kenya's production may also not be as high as initially forecast, but it is still likely to reach 44,000 tons, 3.5% higher than last year's production. Since the temporary lifting of the export ban on macadamia nuts in shell at the end of last year, China has been sourcing more macadamia nuts from Kenyan exporters, and the price of shell nuts has soared. In contrast, macadamia kernel exports have fallen this year. Ofi said that the lifting of the export ban is likely to be extended for another six months, which will also have a significant impact on exports in the next season. In ...

Source: Foodmate