| The market for macadamia kernels continues to tighten, particularly for ingredient styles such as Style 5 and Style 6. Over the past two weeks, demand for these styles has remained strong, and availability has now become very limited across most origins. This development has resulted in a firm sales position for packers offering these styles, with prices remaining relatively attractive. In addition to the pressure on ingredient styles, there has been a noticeable increase in enquiries for Style 1 and Style 2. However, availability for these snacking styles is also very restricted, with few offers circulating in the market. Despite this, there are still possibilities from Kenya. Offers are available upon request. Regarding global harvests, there is limited new information from most origins. However, recent updates from China indicate a bumper crop, with production now estimated to exceed the earlier forecas. This is particularly significant in a year when both South Africa and Australia have reported reduced yields due to weather-related challenges. The coming weeks will be used to verify more details about the quantity and, not of lesser importance, the quality of the Chinese crop, which will be essential in assessing its impact on global supply. For now, pricing in China remains attractive, and this is expected to continue supporting demand, especially for kernel-based applications. Our recommendation remains to secure cover for both snacking and ingredient styles, as availability continues to tighten and market dynamics remain volatile. |
