Nuts

Macadamias: global crop estimates increase significantly

March 24, 2021 3:48 PM, Der AUDITOR
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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

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