Trade Trends
release time:
2024-10-24
Global macadamia trade continues to develop, and sources of supply continue to expand. Mozambique recently announced it had secured an agreement to supply China directly. Rapidly growing in macadamia cultivation, Mozambique has until now only had access to international markets via South Africa. At the same time, Zimbabwe secured a protocol for phytosanitary requirements for the export of avocadoes to China. This important step is expected to result in a similar agreement for macadamias in the near future, which will boost trade. Brazil also announced similar sanitary approvals with South Korea, Angola, the UK, and Australia securing their export of macadamia nuts to these destinations.
Unit values of imports (US$/kg) for July 2024 improved for South Korea, Japan, the UK, China, and the Netherlands, reflecting improved pricing trends. There was a significant spike in volumes imported to the US and South Korea in July 2024, bucking the trend of previous years. A recovery in US demand, in particular, will be a major positive for the global macadamia industry.
Downward pressure on retail prices in key markets comes at a time when macadamia prices are recovering. Stock shortages are driving prices upwards, bringing relief to suppliers who have struggled through a number of tough seasons in recent years. However, buyers in the United States, Europe and China are facing intense pressure to keep price increases low in the face of recessionary environments. The recent rounds of rate cuts are expected to be followed by further cuts to stimulate growth and recover consumer spending. The extent to which they do is not yet certain, and growth trends may have an impact on supplier prices into 2025.
Source：Internet
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Approved by Yunnan Provincial Department of Civil Affairs and formally established in September 2014. Yunnan Nuts Society (hereinafter referred to as YNS) is a professional and non-profit social group composed of enterprises, experts, scholars and growers specializing in nursery, cultivation, production, processing and marketing of nuts in Yunnan Province. Through continuous input, the number of members has increased from the first 33 to the present 159.
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