Strong Growth Predicted for SA’s Macadamia Industry
Event Africa Contributor 20/06/2018 Industry News
The 2018 World Nut and Dried Fruit Conference hosted in Seville, Spain, cultivated an exchange of global insights into the global macadamia industry. Reports signal a strong growth trajectory with the forecast for 2018 estimated at 211 101 metric tonnes worldwide – the highest ever global supply.
South Africa will be the biggest macadamia producer with 54 000 tonnes followed by Australia and Kenya. With growth trends set to extend far into the future, Valley Macadamia chairman, Alan Sutton, fostered close alliances with industry experts and positioned the group for expansion into sub-Saharan Africa.
Sutton shared feedback on the INC’s annual report and discussed key statistics on the growth and global supply of macadamias. Production in China will be 19 000 tonnes in 2018 with a set growth of 10 per cent per annum thereafter. The Australian crop forecast for 2018 is estimated at 44 500 tonnes at 1.5 per cent moisture. Australia currently exports 70 per cent of its crop and is said to be developing an additional 3 500 hectares of macadamia trees in 2018.
The Valley Macadamia Group is expanding capacities and market capabilities to cater for exciting new trends. The group will be joining the Australian Macadamia Society as an international member and will gain key insights on macadamia marketing for the benefit of African macadamia exports. The knowledge sharing culture of Valley Macadamia furthers the success of local farmers and processors by serving as a go-to platform for the latest trends and insights into macadamia nut farming and trading.
Source: SA Food Review