Macadamias: production estimates slashed for Australia
August 2, 2021 4:24 PM,
Der AUDITOR
South Africa remains top producer
The INC has recently revised production estimates for some countries. While Australia was still expected to replace South Africa as leading producer in March, this is no longer the case. Production in South Africa is now rather expected to jump by 18% to 57,834 mt, meaning that the country will remain the most important supplier in the global market. The INC, thereby, quotes estimates issued by Macadamias South Africa. Autumn rains helped the trees to recover from the droughts observed in recent years.
Good quality in Australia
Although adverse weather conditions in New South Wales prompted to INC to cut production estimates for Australia from 50,770 mt in March to 48,500 mt in July, production is nevertheless expected to range 3.4% higher than last year. The quality is, however, reported to be excellent. Adverse weather conditions have also impacted production in Kenya. As prolonged rainfall delayed flowering the nuts were not able to develop equally well and losses were incurred. Production is, by contrast, expected to range 5% higher in China at 32,000 mt. Global production is estimated 5.4% higher than last year at 239,034 mt. In March the INC anticipated a rise of 6.4%.
|
Macadamia production, in-shell basis, in mt |
|||
|
Country |
2020 |
2021 |
Diff. |
|
South Africa |
48,925 |
57,834 |
18.2% |
|
Australia |
46,900 |
48,500 |
3.4% |
|
Kenya |
37,000 |
33,300 |
-10.0% |
|
China |
30,400 |
32,000 |
5.3% |
|
Guatemala |
14,200 |
16,000 |
12.7% |
|
USA |
15,300 |
15,000 |
-2.0% |
|
Malawi |
6,000 |
6,900 |
15.0% |
|
Vietnam |
5,300 |
6,700 |
26.4% |
|
Brazil |
5,500 |
5,500 |
0.0% |
|
Colombia |
1,300 |
1,300 |
0.0% |
|
Others |
16,000 |
16,000 |
0.0% |
|
Total |
226,825 |
239,034 |
5.4% |
|
INC, July 2021 |
|||
Price declines in Europe
Prices have declined in Europe in recent weeks. Style 1 macadamias, without shell, are trading at EUR 19.15/kg FCA Spain. Styles 2 and 3 are trading at EUR 16.25/kg and EUR 15.25/kg respectively. Prices for style 4 macadamias range at EUR 14.20/kg FCA Spain.
|
Macadamia nuts, without shell, South Africa |
|
|
Type |
EUR/kg |
|
Style 1 |
19.15 |
|
Style 2 |
16.25 |
|
Style 3 |
15.25 |
|
Style 4L |
14.20 |
|
FCA Spain |
|
View more
- price charts
View related articles
