Macadamias: global crop estimates increase significantly

March 24, 2021 at 3:48 PM, Der AUDITOR
Play report as audio

CANBERRA/PRETORIA. While South Africa is being pushed out of first place this season, almost all producing countries can report crop increases. Market players hope that the export difficulties caused by the coronavirus will have less impact than last year.

Prices decline

In its current March report, the International Nut and Dried Fruit Council (INC) gives a very positive estimate for global macadamia production in 2021. According to this, almost all important growing countries can record an increase in crop volume, only the USA will experience a slight decline of 2%. In general, sales were down in 2020 due to the Covid-19-related market disruptions, so market players report some overstock supplies. However, they hope that the situation will improve again this year. On the European spot market, pric

View related articles

Go to the News Overview
Feb 2, 2023
ORDU. Suppliers in Turkey are utterly shocked and surprised by the TMO’s decision to sell hazelnuts. Initial assumption was that the state-run organisation would try to hold on to its stocks to prevent prices from tumbling before the general election in June.
Feb 1, 2023
HANOI. Farmers presently have little incentive to harvest cashews in Vietnam. Many have, in fact, stopped harvesting as local media report. Trouble is that raw material prices are simply too low. There is no chance of improvement as prospects are bleak for exports.
Jan 31, 2023
MANILA. As the experts of T.M. Duché report, prices for coconut oil were able to crack the USD 4,000/mt mark at the beginning of the year. How the situation develops further in the course of the year depends largely on the other edible oil markets.
Jan 30, 2023
NEW DELHI. The shortage of sesame oil is making many buyers in India and overseas switch to peanut oil as a popular alternative. The higher demand is also causing prices to rise. There is good news regarding import duties.