| Over the past weeks the market of macadamias has been rather stable with a strong focus on shipments. Most NIS shipments into China have been done and it will be interesting to see how sales will go around Singles Day (11-11) and later Chinese New Year. From all the statistics it is clear that quite some less volume has been exported from both South Africa and Australia due to smaller crops, but also due to a shift in the industry towards kernel. Is that going to result in shortages or is the Chinese production filling that gap as the Chinese crop is available right now. From a kernel perspective there is still the clear difference between snacking styles and ingredient styles. For snacking styles the expectation of shortages for Style 0 and particularly Style 1L is clearly visible already in the market with enquiries going through the market and little offers. There are still opportunities for style 2, but so far we dont see much movement into that direction, but it may still come as the current supply situation is unlikely to change till May/June 2026. For ingredient styles starting with Style 4L there is still sufficient supply, but recent spikes in interest for Style 5 and 6 have resulted in a good sales position for most packers. It is good to see that this demand has picked up nicely again and the relatively low prices seem to help demand, which is very important for the longer future. |
