MSM Market Highlights
MSM Market Highlights | 20 July 2026
What Changed
Buyer caution still defines the market
Lower crop expectations in Australia have not removed the broader perception that macadamia supply remains ample.
Quality has become a watchpoint
Wet harvest conditions in major origins are raising questions over kernel yields, which may support stronger whole styles later in the year.
China’s expectations could change
Flooding in Guangxi creates uncertainty around domestic supply assumptions that have shaped selective offshore buying.
Stable value can create demand upside
Macadamias may become more attractive to ingredient users if supply and price stability contrast favourably with other tree nuts.
Freight remains unsettled
Shipping prices eased recently, but conflict, route disruption and peak demand still point to elevated logistics risk.
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Observed Pricing Context
Style-level kernel and NIS transaction averages, comparative periods and paid price-direction interpretation.
Spread Trackers
Kernel-NIS and whole-versus-ingredient spread charts that show how market relationships are changing.
FX And Freight Watch
Currency charts and freight-market interpretation for the current trading environment.
Industry News Intelligence
Paid interpretation of market-relevant source signals for buyers, sellers and traders.
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