Cracking good run for macadamia industry
Macadamia growers are in the pound seat, with prices at unprecedented highs. Nut processor, Mayo Macs, is helping farmers ensure that the good times last, says Myles Osborn, consultant to Mayo Macs...
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South African farmers brave enough to invest in macadamia orchards years ago are reaping the rewards. The industry is enjoying an exceptionally profitable phase, with global prices riding the crest of Chinese demand. "Macadamias have become the most expensive nuts in China. They carry social status. Chinese demand has pushed up the farm-gate price 400% in the last six years, with no price dip," says KwaZulu-Natal North Coast macadamia farmer, Myles Osborn, who spoke at a recent Standard Bank agribusiness event in Durban.
Read the full story on http://www.farmersweekly.co.za/.