Noosa News
Macadamia nut prices down for 2021 due to pandemic, strong Aussie dollar
Macadamia growers can rule out another year of record prices with a strong Australian dollar expected to deliver lower returns across the industry this season.
Key points:
- The macadamia price has dropped by more than $1 after a year of record prices
- The peak industry body says there is still room for growers to make good profits
- A NSW grower says the new price is sustainable
After finishing up paying $6.20 last year, the country’s largest macadamia processor has announced a notional price of $5.10 per kilogram nut-in-shell for 2021.
Marquis Macadamias chief executive Larry McHugh said the price drop for suppliers to largely due to the exchange rate.
“Last year we were operating in the 60s for the exchange rate and this year we’re in the high…
-
General23 hours agoQueensland government strikes new deal with Bravus to defer royalties, expand Carmichael coal mine
-
Noosa News22 hours agoHeartbreaking CCTV shows father and son moments before fatal crash in Regents Park, Queensland
-
General21 hours agoTwo men involved in fatal helicopter accident charged over stealing crocodile eggs from Kakadu National Park
-
Business24 hours agoMacquarie predicts more than 40% upside for this ASX 200 stock