Strong demand from China is causing much uncertainty in the Macadamia market. China keeps buying more and more In-shells which makes availability for kernels tighter. Packers are taking less risks and decide to go for easy selling without processing to kernels. As demand from China will probably not get less, we expect this will be a difficult year.
Besides less availability the weather in Africa and Australia in the past weeks is also not very promising for crop developments. The cyclone in Australia and the drought in Africa we currently see is getting the market a little more insecure and tensed. Therefore at this moment we see very few offers.
Australia:
After the tropical Cyclone Debbie hit the Australia Northeast coast end of March, we have seen reports of significant limb and young tree damage in some areas.
The impact of the storm and flooding of some orchards is not expected to be significant for the total 2017 crop volumes as a large proportion of the damage was done to younger non-producing trees. It might be of influence for future volumes.
With high demand from China for In-shell and whole kernels we expect the Australian Macadamia market to be very tight for this crop.
Africa
Due to the latest drought we see a more tensed market and most packers are not offering much.
Most South African suppliers are well sold, while harvesting have only just started.
Processors will wait a couple of weeks to see what the actual crop looks like before they sell the last bit of product.
We did manage to find some availability in Kenya although the actual shipment date is still unsecure. June might be the best guess for spot availability in Europe.
Advice:
If you need to fulfil your demands don’t expect prices to get lower and secure these especially in style 0,1 and 2. For short term demand we advise to book your needs for the next 2 months. Spot availability is very minimal. As new crop will be available in Europe probably around June, make sure your needs are booked to cover this period.
|
Macadamia’s |
|||||||
|
Packaging |
Cartons |
Total MT |
Origin |
Grade |
Crop |
Price USD / kgs |
Available |
|
11,34 kg cartons |
19 |
0,2 |
Malawi |
Style 0 |
2016 |
21,5 |
Prompt |
|
11,34 kg cartons |
350 |
4 |
Kenya |
Style 1 |
2017 |
18,9 |
June 2017 |
|
11,34 kg cartons |
1430 |
16 |
Australia |
Style 1 |
2017 |
21,2 |
July/August 2017 |
All prices are subject to final confirmation by Antares Commodities.
* Other grades and varieties can be offered upon request.