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Macadamias June 25, 2021

A fair chunk of volume has been committed already and production is now coming up to steam. The first indications from South Africa are that the quality is looking good with an Unsound Kernel being more or less in line with last year. Australia informed that they have some thicker shells in certain regions, which may reduce recoveries. Nonetheless, overall availability should be ok.
From a demand point of view we are seeing signs of recovery. An important sector that was hit hard was the tourism sector. We hope with vaccinations and consequently more travelling that this market will also start to recover again. Lower prices that we have seen over the past months may have a positive effect on this.