Macadamias and Brazilnuts Market Report – August 2018
There was slightly more kernel activity recently, but offers are still very hard to get. Spot positions remain tight and it is recommendable to cover at least your nearby needs. For later positions the picture is not really clear. There is still some risk in the market with potential defaults in China although till date this seems to run rather smooth with here and there some minor quality claims. Only real problems here could change the market.
Jan – June 2018 exports from Bolivia, Peru & Brazil are 24% above previous highs in 2016.
This years crop has now all been delivered to factories. A few factories will close early potentially by end of August with the majority closing end of October/November
Key question is, are buyers sufficiently covered for their requirement October to April? If not will there be enough supply of this year’s crop to cover it?