-23 JUNE 2025-
Buyers stay cautious, while confident suppliers hold firm on prices amid tariff uncertainty.
📊 Market Highlights
Stable pricing holds:Trading was quiet this week, with most southern hemisphere suppliers continuing to focus on fulfilling orders. Average prices mostly eased, though Styles 0, 1S, and NIS20-22 showed some resilience.
Kernel remains preferred:
South Africa’s kernel exports to April are nearly matching last year’s levels, while NIS exports are lower. Suppliers continue to favour kernel due to stronger returns and greater control over timing.
Spreads flat, but signals shifting:
Price spreads remained steady, though a growing whole vs. halves-and-pieces kernel spread suggests cautious US buyers are stepping back from ingredient styles.
🌍 Global Market Sentiments
With the rate of new transactions subdued, focus is shifting to the July US tariff decision. South Africa’s future access to the US market hinges on ongoing negotiations. Meanwhile, Europe’s kernel stocks are being replenished, and China remains dependent on imports. Overall, supplier confidence is high, but markets await clarity on upcoming policy shifts.
💱 Freight and Forex Watch🚢
The US dollar strengthened amid investor retreat to safe havens following renewed Middle East tensions, bringing volatility back to FX markets. Freight rates eased slightly as the post-US-China trade resumption surge wanes, but concerns over the Strait of Hormuz are driving caution among shippers, potentially keeping container costs high in the near term.
📰 From the Industry
14 June 2025: Macadamias feature in global dessert competition, shining spotlight on premium styles.
4 June 2025: June market brief signals subdued trade, rising freight costs, and firm kernel sentiment.
16 June 2025: Kenyan exporter boosts investment in social and commercial impact projects.
16 June 2025: China confirms expanded tariff-free access for African goods.
16 June 2025: Analysts debate Africa’s readiness to seize open market offer.
18 June 2025: South Africa forecasts long-term crop expansion driven by sustained demand.
19 June 2025: Export data shows macadamia volumes on the rise from Kenya.
19 June 2025: Macadamia orchards embrace AI tractors to boost productivity and scale.
20 June 2025: African agri-experts call for new financing strategies to unlock sector growth.
24 June: Launch of new global sustainability certification tailored for the nut and dried fruit industry.
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Negotiable Single Style Offers Available
| Style | Quantity (kg) | Containers | Avg Opening Price (USD/kg EXW) |
|---|---|---|---|
| Style 1 | 88 452 | 4 | 15.20 EXW |
| Style 1S | 51 030 | 3 | 14.45 EXW |
| Style 2 | 17 010 | 1 | 13.20 EXW |
| Style 4L | 398 034 | 25 | 11.51 EXW |
| Style 4S | 28 350 | 3 | 11.60 EXW |
| Style 5 | 27 670 | 2 | 9.00 EXW |
| Style 6 | 36 742 | 3 | 7.57 EXW |
| Style 7 | 1 361 | 1 | 7.20 EXW |
| Total | 648 648 | 42 | 11.62 EXW |
Negotiable Mixed Style Offers Available
| Style Composition | Quantity (kg) | Avg Opening Price (USD/kg EXW) |
|---|---|---|
| 650 Bxs Style 5, 800 Bxs DP (6–14mm, diced pieces and halves, No Immature Nuts) | 16 443.00 | 6.64 EXW |
| Total | 16 443.00 | 6.64 EXW |
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Disclaimer:
While we strive to ensure the accuracy and reliability of the information provided in our market review newsletters, we cannot guarantee its completeness or correctness. The data and insights presented are based on the best available sources and our thorough analysis. However, market conditions can change rapidly, and unforeseen factors may impact the accuracy of this information. Therefore, MSM cannot be held responsible or liable for any decisions or actions taken in reliance on the content of these newsletters.