Australia’s world market share of native nut slipping as macadamia fever takes over the world

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Australia’s world market share of native nut slipping as macadamia fever takes over the world



Because the 2021 Australian macadamia season nears its finish, the business is optimistic it should ship near 54,000 tonnes of nut-in-shell.Key factors:Australian macadamia exports hit 80 per cent, however its share of worldwide provide is slippingThe world’s largest macadamia firm, the Marquis Group, has achieved a file seasonProducers are taking a look at India as a rising export marketWhile growers proceed to plant extra orchards in New South Wales and Queensland to fulfill elevated world demand and exports have lifted this yr, different macadamia producing nations are rising sooner.Australian Macadamia Society CEO Jolyon Burnett stated Australia’s largest rising area helped the annual crop bounce again this yr.”Some areas within the Northern Rivers have been a bit of bit down on the earlier yr, south-east Queensland was fairly regular, a bit of bit up on final yr, however Bundaberg is the place the expansion is in the intervening time,” he stated.”These new plantings at the moment are moving into their 5 to 10-year age and actually starting to contribute, and I feel that helped raise the crop from what in any other case may need been a bit atypical.” Australian Macadamia Society CEO Jolyon Burnett says the business has its eye on rising its market in India.(ABC Rural: Kim Honan)Whereas the robust demand noticed a raise in exports from 75 to 80 per cent this yr, Australia’s piece of its native nut pie is declining.”Australia’s share of the entire world provide is slipping,” Mr Burnett stated.”Different nations — notably the African continent, China, Vietnam and South America — are all planting and their mixed development is quicker than ours.”So we’re slipping as a share of whole provide, however I feel we stay the macadamia of first desire bought in most markets.”File yr for world leaderIt’s been a file yr for the world’s largest macadamia firm, Marquis Group, which operates in South Africa and Australia, with nut-in-shell obtained from growers and kernel gross sales up 20 per cent on final yr.Marquis Advertising and marketing basic supervisor Charles Cormack.(Equipped: Marquis)Marquis Advertising and marketing basic supervisor Charles Cormack declined to disclose the determine however confirmed it was in extra of 10,000 tonnes of kernels.”When the COVID pandemic first hit us final yr, it gave us a little bit of a sucker punch and the business was not likely ready for it,” he stated.”This yr we have been sort of ready and I suppose hoping for the very best and getting ready for the worst, and the enterprise has actually come again strongly and so we’re very pleased with our outcomes this yr.” Whereas the demand for the entire kernels remained robust all through the pandemic, demand for smaller kinds had picked up this yr. “Throughout the pandemic, many cafes, eating places, and so forth had closed down meals service, in order that’s coming alive and that is driving the consumption of cookies and different bakery items,” Mr Cormack stated.Get the most recent rural newsMarquis exports to some 45 nations around the globe and whereas markets like China and the US remained robust, Mr Cormack stated that its development was in Korea the place gross sales had doubled prior to now yr. “Korea is a market that’s quickly maturing, the meals producers and the retailers are beginning to put macadamias into a greater variety of merchandise and I feel that is driving the demand,” he stated.LoadingAustralia has eye on India marketMr Burnett stated whereas the business was taking a look at build up these newer markets like Korea and Taiwan, it was additionally actively exploring new markets corresponding to India.”The Australian authorities is now fairly energetic in its free commerce negotiations with India, so we’re hoping which may ship a optimistic consequence,” he stated. “Definitely India is a market that has large potential for us.”What it means is it simply supplies one other marketplace for world provide, the worst factor for us can be for provide to overhaul demand, that clearly places downward strain on costs, so we’re eager to see robust demand development.” 



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