Nuts

Macadamias: good prospects for 2021

November 23, 2020 2:36 PM, Der AUDITOR
Play report as audio

CAPE TOWN/CANBERRA. The latest INC report shows that the two main macadamia growing countries, South Africa and Australia, are experiencing declines in production. For 2021 the forecasts are much better again.

Sharp drop in production in South Africa

According to the International Nut and Dried Fruit Council, South Africa and Australia remain the main producing countries for macadamias, but both face declines in their 2020 crops. In Australia, the decline in production is still manageable at -3.4% to 42,000 mt, while South Africa produces almost 10,000 mt or 16.2% less macadamias than in 2019. Current estimates amount to 49,503 mt, which according to Macadamias South Africa is mainly due to the severe drought and heat during the flowering phase. Some regions

View related articles

Go to the News Overview
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021
SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021
REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021
ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.