Australian macadamia crop forecast revised

The 2023 Australian macadamia crop forecast has been revised down by 11% from 60,000 tonnes in-shell to 53,160 tonnes in-shell at 3.5% moisture (from 64,400 to 57,000 tonnes in-shell at 10% moisture), announced the peak industry body, the Australian Macadamia Society (AMS), today.

AMS CEO Clare Hamilton-Bate says the Australian macadamia industry has been experiencing unprecedented market conditions, due primarily to the combination of reduced global demand and a rapidly increasing global supply.

“Australian macadamia growers and the entire industry are facing a very diffcult year, with the softest farm gates prices in more than a decade,” says Ms. Hamilton-Bate.

“Overall, the crop quality is very good and reject levels are down, however nut size is smaller and there has been a decrease in total kernel recovery.”

Ms. Hamilton-Bate says several factors have converged to contribute