| The macadamia market is moving steadily into the main selling period. |
| Crop expectations remain positive across the main origins. In South Africa, the harvest is now underway. In some regions, wet weather conditions are causing delays, which is slowing down harvesting. In the main southern growing areas, however, operations are progressing more smoothly and early quality indications are good. Australia is also expected to deliver a stronger crop after last season’s poor outcome, supported by better growing conditions. |
| China remains an important factor in the market, mainly from a supply perspective. Last season saw a clear increase in Chinese production, and while Chinese sources expect further growth, crop figures remain difficult to verify and vary widely between reports. The extent to which this additional volume will influence the global market will become clearer as the season progresses. |
| From a demand perspective, activity is gradually picking up after Chinese New Year. In China, buyers remain price‑focused and cautious, partly due to domestic availability. Discussions about a potential removal of the 12% import tariff into China are ongoing. If implemented, this would improve the competitive position of African origins, but no final decision has been confirmed. |
| Europe remains stable and active, supported by a stronger Euro and attractive USD pricing. |
| Overall, the market is developing in an orderly way, with demand present, harvests progressing, and attention focused on crop development and trade conditions in the coming months. |
