| The removal of U.S. import tariffs on macadamias is now a reality and has been welcomed by the market. As mentioned earlier, the impact on the current crop will remain limited since most volumes have already been contracted or delivered. Price adjustments in the short term are therefore unlikely. For the next season, however, this development could have a positive effect. |
| At present, we are in a quiet period leading up to Christmas and New Year. Demand is stable, and most products have already been allocated. There might be a slight increase in activity early next year, depending on holiday sales performance. |
| Regarding the crop outlook: it is still too early to draw firm conclusions. Initial signals are positive, and the “November Drop” in South Africa is behind us. More clarity on nut set will only come in January or February. One thing is certain: many new trees have been planted, which should translate into higher production over time. |
| For now, prices remain attractive, and there is still good availability of certain styles, such as Style 4L. Whole nuts (Style 0, 1L, 1S) remain scarce. With the new crop expected only from June/July onwards, it is advisable to secure coverage in time. |
