Weekly news of in-shell macadamia price
release time:
2024-09-06
Further news from various sources that sections of NIS directly traded from Kenyan producers to China were sub-quality, together with news of the apparent refusal of the Chinese authorities to allow for the import of NIS from Guatemala, will cement the perspective that China remains strongly dependent on imports for the season ahead to meet its growing domestic consumption of macadamias.
NIS supply shortages may push NIS prices up in the coming months as the grower countries anticipate an increase in NIS buyer inquiries towards year end. Meanwhile, a trader notes that Europe’s kernel inventories cover retailer needs for this year, but 2025 needs are still to be met. NIS commitments generally dominate the early calendar, but the lack of kernel stocks may draw greater supply to take advantage of the better prices on offer. The difficult experience of many Kenyan producers who exported directly to China only to have shipments rejected may cause them to consider returning to sales with local processors. This could restrict the availability of NIS next year depending global production growth. Time will tell but suppliers will have to carefully consider the size of the 2025 harvest, the intensity of early NIS commitments, and their NIS/kernel marketing split to make the most of market opportunities.
Source：Internet
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