The major macadamia producers revise their production estimates

October 18, 2019

1 mins read

The Australian macadamia crop forecast for 2019 has been reduced to 42,900 tonnes (at 3.5% moisture), following an abnormally long, hot and dry summer that produced a smaller nut size, according to Australian Macadamia Society. China has also revised their production estimates, from 29,000 tonnes to 20,000 tonnes, following extended periods of adverse dry weather.

The South African crop on the other hand has been revised higher and is now predicted to exceed 60,000 tonnes, benefiting from favourable weather conditions.

For 2019, driven by strong demand and limited global production growth, minimal carry-over inventory is expected heading into 2020.

Global imports to the five biggest volume markets rose by 27% in the 12 months to April, with large increases seen for the EU, the US and Japan.

Meanwhile, the Mintec price for South African macadamias delivered to the EU increased by 2% y-o-y and 3% q-o-q.

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