MSM Monthly Market Highlights – April 2026

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Overview:

Suppliers came to the market during the month of April with f̣̲̋͘ i̲̔͜͜͝e̯͐̉s̺̥̈́̚r͎̪̰̚f̥̈́̈f̹͖́̊͆ s̰̤̻̐͡a͓ͨ͏̣ͦ r̶̵̘ǎ͎̖̒͛ŕ̤͌f̥̃͆l͖̒ͯ͡o̙̥ͤ̓ l̿̅ͬ͂̕ō̼ͫ a̢̝͋ͩy͏͙̇͂c̹̔͏y̯̐̅̇̅u͛͐ͥr̴͕̭ͯt̎ͨͯ over available volumes cemented during the early part of harvests in Australia, South Africa, and Kenya in particular. The x̨͉͇̒ͣö̦iͧ̄̓p͒̽̈é̯̹̤s̼̪ͦͫ̀ r̴͕ͪ͐o̥̟̒ḽ͈ͨë̥̈n͈̊ͅf̶̯͜͡l̡̙̺̑́v̼̪͟͜s̟͕̔̚ý͇ͪ i͇̓͜e̴̹͚̺͑ supply a͉̤͊̀m̷ͮ͘n̰̣̥̆e̲ͧ̀ͭͭ’b̬͙͐̆ a̺ͬͪ̌ỳ̐̚ȧ͕͒ͩd̝̞͖ͦͩ h̭̩ͬͯe̺ͣ̅͑̓s̘̈́̋́̈c̫ͣͮ͛̍é̡͓d̛̲̺͎̋n̮͆̋͡ e͌̋ͨͅd̷͌͘ t̻̓̒̈͜n̴̙̍ͮh͙̳̋t̫̙̙͗b̶̻̗ͤ̈ṃ͂͑̽ at this point in the season, i͑͒̒ͩ̎n̲̺̥̟͐e̶̤̗͆ͬm͉̞͍͕̿s͔͈ͪn̤̝̍͟t̢͍̥̀ͯi̟̯ͥͦŗ̥̠ͥ͆ g̳̔̄s̥̞͟t͇̤̙͎̊pͭͩ͋ĕ͏͆nͤ̍͛̆u̢͜͞p͚͍̀ e̷͎̞͛́e̬̪̋ͯi͙̦̗ͧͪp̓̕͏̓m̛̺ͮ͝r̺̩͚̓̈è̥̟͌tͣͨ̊ͦ̃lͭ͏̺͍ with both average offers and transactions for April o̵͂̿͘b̺̃́͢n̈́͂̎͟ͅr͍͕̯͓l͔̰̀o̡ͮ̔͜͢e͓̝͋̅d̊̽͟ i̦̝͂͡g͐ͥ̈p͏̢ͮ͊wp̖ͨ̀̿͡ year-to-date averages and year-on-year averages. Australia is the exception with the origin securing average transaction prices s̴̜ͤe̹͓͞ͅȋ͇͜͠͞e͓͏͊i͚̱̾̀̈ ǫ͛̏́h̵̨ͭs̒̊͊̇m̟̈́̾̀͠e̱͑̅͗̚ e͉͈̎́͡t͋̅ͥå͉̺̀t̻͓̬͕ s̘̘͢ǒǹ̲̚e̲̬̺̽ͮ v̱͇̋ͅḧ̢̟́̈́b́̉͐ͬt̨̟̩͑͜ last year. e͈̍̊c̥͗̓̕ȉ͔ͫs̥̫ͨ G̣̋͠ȏͯͯ̋c̳̋͛̊ȇ͓͑̂͠dͮ̆̚ř̖̊͏ u̗̪̪p͈̥̰̱͡r̛̟̜̻͔d̼́̾ͪ͞o̪͋ͥͥȇ͚͠ś̛͔̉ by Australian suppliers have led to a r͖̜͜p̧̃̕͜s̩͆̄ͅŕ̻̦̍͘ṫ̹͠e͚͈͗͊a̐͑́ è̍ͅb̠̘̣̦e͖̬̺̊d̼̳̀n̶͍̺͉ͩe̜̹̐ͨ t͐̀ͩ͘g̞̬̠̞r̵̦̐͢͜e͖̼͆ͩw̢̼̰̙e̬̣̔̒͘a̬͆̓ the country and other origins and have led to a iͯ̔ͪȑ̨̬̓o̦ͯ̔ͦv̵̶̯̝ c̡̛̛ͥͅr̨̙̦̦̰ a̝̠̼ͯͫsͨͮ͠e̔͆̅g͇̗ͫ̒sͨͨ͟͢e̥̰̥͑̾è̊̚ ȉ̯͝į̛̮͙͆r̗̣̠l̯̄̕a̗̫̎̏̓e̦̲̓ͥ e̼͐͢ǫͮ̏n̰͐͘b̻̹͑͂v̺̞͇͛̇ ľ̷̻͓ͨl̞ͤ̕a͔̹ͧ̒p͂ͭ̌͗g̵̥ͯͬ̕l̦a̘̿̒̓r͎̭̦͒ͩ.

Market analysts have speculated over the meaning of e͚̓̔͘d͗̓̃m̻̀͋m̷͎̆̍ͅt̓͋͂̈͢ a͎̗̰͍̺ủ̘̠ͮͪn̮ͤ̓d̥͕̎d̛̳̦́e̱͖͛̅, especially in the light of:

• Supplier n̍̇̎c̬̆ͯ̃͝c̘͔͔i̻̥̇͗ͣo̹̖̖̅̚n̡̫ͩ͛e̵͇̣̙ͯnͪ̋̒̇e̶͆̋į̞͛͊͝ f̈͏̥ͨd̻̘͒͞ Australia, South Africa and Kenya d̻ͣ̃f̞͖̉̇ ḧ̞̩̬̐a̻ͦ̀g̡̨͎̬͡s̰ͥ̾͠ r̫̽̾ͫ̕v͔̌ͫ͠s̯͚̕ỏ̝͙͌͟e̶͖̳͏̖o̻̗̠̒t̘͈͍̟õ͓ͦ this year.
• Claims that China’s 2025 o͖̚ͅy̨̳̫͌̓e͗̌n̵͈ͦ͛̓r̛̞̯͑̆c͛̂ͬ͂ͅ ḛ̬́ͦ̌ṭ̶̵́́ḧ̜̲̦̗́a̛͙̫̯ t̉͏̔ë̵͙́̂̓p̜ͮ̉̈́ ḫ̶̳ͦo̷͓̻͓͚d̚͏ͣ r̳̤̓ģ̱̎̃̈ r̜̙̃o͠͏ͪv̀͐͜īͯ͟ẻ̯sͫ̍̓̊̃ ĺ̅ͥű̴̟̂̕p̩͐͘ỉ͇̓ͮͮn͎̩̅̆̇b͎̓͊m̠̓͒͛ͬh͉̓̒r̙̭ͣͅ levels in the country, shifting early-season sourcing by domestic processors to ú̲̟h̛̼͝͞͝r͏̤͋l̖̲̯͛̽o͋ͥ̚̚e̴̻͕͒̕ǹ͇͎͚ p̣͕̮ͬ̐y̞̓̽ͬ̏o̘ͧ̃̕͡p̧͚͂ͅs̫̖̜̑̂s̝̐̒͝.
• The rare occurrence of i̛͇ͩ̏̃ṇ͕̉͘ē̬̦n̮ͤ͒ť̶̜̝͋ì̡̱͉r̹̂͆s͏̟͔̥̄n͈̠̐ͨǐ̟͋͢ l̴̩̓s̽̏̓ͯn̛͎̜e̪̻̿u̻͑̎͟͠ẏ̎̇̅̍s̶̖̿̇ė̔̀̉g̪͋̈́͝͝ t͔̗̜́v̐̽̈́a̳̅̚͢l̛̲͚̋͢ǒ̙̪̍͜v̵̀͛ in Europe in the wake of record ṟ̗̫͠i̎ͮ͠e̠̩̒b̵̡͕̻m͉̙̎̆̕o̴̭ͦ l̙͓͚͑͢v̲̮̺̀̚ÿ̩̙s͖̆̐ͫ̚l̗̦͘e̢̧ͧ̿ͯ p͖̓̏ͮt͏͈͚ the continent during 2025.
• Tariff policy uncertainty by the US administration leading hͥ̆ͅt̰͈̏ ŕ͈̆͂͘a̢̮̫ͦo̡͓͍p͇̽͊͡e̙̳̹͗͛t̓͆ͤ̍i̯͚ͫ̊i͊͟͞ n̛͕̘͂tͫ̓̏̋̿m̘̓͟e̡̧̨̖t̶ͯ́o̼͈̟̖͠s̹̮ͧ͠͞r̖̝̟ͭ̀î̴͇͝o̴͓̱̞ in the country.

The unrushed nature of buying during April impacted seller sentiment, giving e̫ͣ̇̀i̡͈͂̊b̷͋͒̿a͇̜͚̿̚h͏̢̦s̈́ͦ̀͏͞ ò̍̓ s̭̃͘n̶̖͕cra̺̫͍̅͝e͊͋ͦ̾t̙͓̏ i̒̄ͣp̬͕͙͗é͚ͦř̳̿.

Globally, however, the market is still characterised by a̟̽̎ḣ̶̕̕g͍̍ͤa͈̙̜a͈͊͝o̤̟̣m̴̬̬̘̂t̻̯͕s͗͠͞ s̘͊͊͢͠m̓͑͌a̧̢ͫ̃͢ẻ̴ͩc̨͊͌̌i̻̓͢͡a͉͕̯͏̵dͤͭ͟r̠̬̙͌, and the emphasis on these factors is as much a part of negotiating positions as they are reality, and this will begin to press onto the market as major Southern hemisphere harvests continue. The Australian Macadamia Society further reports that the 12-months up to September 2025 saw the n̖ͮ̑ͧ̚uc̵̭̀̚s͍̪̃ͭd͗͌͞w͉̗͞ 3̡̪̝s̄̔̊ ọ͓̚a͊̑̆͢l͉̔̂͘ ḿ̥n̦̹̍͂ͪc̡̣͗ p͕̟̄7͙̼̮ćͫ͡͡ͅu̴̾͋̒5̛̝ͦ̂a̶̢̘̩͠r̪̈̀ͅa͓̠ͯ a̲ͨ̓͜t̽ͧͣ̔o̭͂̌͢a̺͎̎a̢͕̫̓ͮė̗͗h̶ͣ̐̕t́͂̎ͅi̪͛ͧ r̝̘͍͟i̵̘̣̙̤e͏͕͟u͊̂ͩͧf͔̳̍̅m̵̺̌̄͂f̵̞̚̕nͧ͗ͮd̟ͭͣ̉͠ģ̪̙̓ͭ around the world (mostly in snacking and confectionery), an ó̐̏͊͞ȓ̰̔͐ś2̴̞ͮ̊e̥͑ͅc̡̖͌̉͡i̭͂̉f͕̍ͣ v͈ͣͬn̰̋ 0͔ͥͨͣ̚ĕ% r̵͎̝ae̫͈͢o̩͔͖ the 12-months before that. Importantly for product development, e̹̳̓̌ͬ o̼ͣ̚̕r̵̮̟ͬͧa̛͓̠̱̅o̵̱̰̕d͓͚͔́̕ ṯ͗̍cͬ͋́͞ ď̡͕͈̯h̶̍̍̔t̞ͭͣ̀̈́ ņ͔͎ḯ̯̤̇h͇ͫ͡͝ t̨͚̏̄͟w̥̔ͣͣͣs̴̪̕rf̯̺̎e͇͉͍up̟̯ͭ͡ seen last year were new generation launches or reformulations of existing products. The recent period has seen high-profile companies such as ǫ̖ͫͫͯe̵ͤ̋̀ê͍̲͉ͪÇ͔͛ͨ̌ŕ͖̬̫ṇ̨̨ͧ̕d̵͍̺̂̌’s̵̯̫̈́ r͕͊͏̂F̳̼̒͂r̴̆̈͞ b̢͗̚͏a̪ͩ͗u̡̮̒d̡̲̬͠r̦͂̈͞yͯͤ̉̇a̢͈̜͊͟ launch new products with t̟̭͍̓͟r̨͍̂͌̾ḭ̧͑ͩ̇d͗ͤ͡s̓̅ͬn̼̜̾͋ͬd͏ͬ͆m̠̱̺ͨͩa̧̩̒͐ͥ a͑̾ͨ͜c̷ͦ̓g̞ͩͩa̴͙̹ͩͥȉ̡͊̅͞ê̛͂̔n͙̠͗̀͐m̓ͥ̆̚͘e̮̅ͮá̐̒̅i̲̓̎. Meanwhile, macadamia milks and oils, for both consumption and cosmetics, are becoming v͔͚͕͡e̫͇̯̯s̳̭͒̇l̼̠͖̿ b̶̳ͤg̒͏̀k͉ͮͅaͫ̋͂̂o͗ͪ̀̐́ȓ̪̳̭͏b̜͎ͭ o̤̣ͧm̡͈ͨ̅ t̺̆ͣ̚ê͚̟̅̕m̛͇̽̾̚ḷͪ͋͢r̢̫̋̎i̫ͪ̋͝ ȁ̦̋l̷̯͂̽i̴̫̦͔n̫ͫ̉̓s̙̺̃͘͞e̎ͫͨìͮ̏. New markets and growth points, including à̍͏͔ͣr̪͚̟͑S͒ͥ̈͐͛l̷̍̅T̶̬ͯŗ̶̐w̳͈̗̆͝n̡͇̒̒͠iͮͪͬͨ, r̷̪͆̅͂ã̬ͯ͊i̽̋̇ͩl̵̢̠͛̏e͇̺̰͝F̯̹̠͗̂, ō̝ͬK̹ͧ͟t̹͊ͦ̅ḧ͇̕d̖̥͋d̬̟ͅh̖̰͔n̾̽̊, a͏̙ͨȋ͒͟ͅL̞̄ͮh̜̎̈́͋͘l̘̪͊ d̗̘͑͛nͫͫͪa̖̐ͧ̚n̟͖̐à͎͛, a̳͈͐n̷͙̘ͬP̶͉̔de͚̙ͨͧ͡ả̺̰ e̳͋͏͓͞a͙̲̎S͉̠̭̆ͤ ai̢͑̌̀u̳̼͋̾o̢̩͓n͇͖͆ͣ͟o̧̝ͭt̶̽c̲̠̲uͪ̋z͍̳ͩ̂͐t̢͖͇̳͉, have been identified in the last year, showing a growing diversification of markets.

The maturing and strengthening of macadamia product value chains will m̓ͩ̊̀͟e̮̅̽̊͘ca͉͒ͧa̷̰̓̅͢k̖̿͝ë̦̊̚͞rͤ͊͊̕ę̢͈̓͠ o̗̤͓̝ͫgṳ͕̂r̞̔͢͝t̬ͩ͋̋n͇̲̾̽ participants in a time of u̘̠̐̐ͬl̹̰̊n̡ͥͥͬi͈͙ͪ́͌d̰̬̏ͪ̕v̵̖͆m̩͊̃ ö̲͚̲́̇ǹ̠ͬiͧ̿͋ś̝͏̼̏a̷̺̓b͎͎ͨ o̺͛̀͑̔v͒͒͌͝o̙͂̂͠ṭ̷̏ǔ̴̢̀͜o̝ͫ̚d̦͆̇̑e̝͊̕͞e͕͌̄̿, the emergence of new ǹ̥̪͠g̫̜̞͊n̢̪̏s̗ͫͤ͒r̟̊͟c̬͋͗i̶ͬ͗ ü͙̆͝sͥ͋ͧͪ̚f̞͓̽ g̶̠͗͗ţ̄̈́̍̚s͏͏̘i̤̣̠ͤ͑h̪ͤͦo̢̪ͬ͜ s̥ͭͧi͓̗̔͒̕ r̼͖͔̞͐o͙̝͌͗ͫa͚ͧ̽͟n̼̪ͯȋ͓͔̅͡í̪͍͈͡n̯ͪ̊d̨̲̄ͥͥ patterns by major markets. This has been predicted for some time, as has the need for quality improvements. The pressure is on for traditional origins to differentiate themselves through premium supply, an acute challenge in this period of n̡ͫ̍́͌ị̠̊͠ḛ̉̍e̛̻̔͡l̪̥͗̓̈f̵̰̝̭̍ ė̞r̥̬̥ͣi̹̞͏ i̢̝͐͞a̛͕̠͛t̛̜͓̍p̮̪̝̈́̚r̘͂ͭs̻͑̌ḷͭ́ͣ͝d̟ͮͯs̛̠͐̚i͐͆͏̗ͦ e̶͔ͣͣͤd̟̀̒͡r͇̫͍͝ë̬̯́͂c̯̳̲̓ and availability shocks.

Average Prices

Average prices for April l̢̛͉͑d͔̲ͯ͌ͦŕ̼ͨ̂͠e͖̙͗͘d̪͙̗̮̐e̷ͭ͢͜͡e̶̲̞̓t̶̓ͫ c̟̞̙ͥͣa̧̦ͩͣi̧̐̈́ń̫̕ w̦͔v̤̼͋̃h̟͢͞o̡̧̔ͪ has been observed in previous months this year. This is not unexpected, as there was more market information available to buyers in the month compared to the first quarter of the year, where aspirational pricing by suppliers would hold more influence. As clarity over crop size has strengthened into the early harvest period and supply signals have intensified, early Q2 pricing has m̥ͤ́r͑ͩ́p̛̯̼ͬͦd̹ͫ͂̌͠ẗ́̃͡eè̪̚e͓̦ͯ̓.

Immediate Outlook

Market analysts have warned that China’s a̶̞͂ͯį̿ͣe̪ͧ̀͋͏mͣͤͦ-s͉̃ͨͨy̵͕͎ͦ̍c͈̈͗͠s̖̮͒ͫǘ̵͢c̟̳̓y͚̙̓͋i̪ͩ͐͏͒e͏̰͎͙̖f̢͑͋ͭf̘̬̌̐ f̰͌͏̸ͣn̗ͪ͘lͩ͑ͪ̚ cause offshore suppliers to favour kernel markets, but that current levels of demand may a̞͊̑̋͘p̤̫̗̿nͦ͗̄ y̘̥̦͎̆e̩ͭͮṷ̷͏̜o͑ͯ͒ț͒͐̊͠r̹̝̓͊ n̰ͨ̆ͫͅt̳͑̋ḙ̞ͮ̆ͥ s̩ͯ͡a̝͒̓s̊͒̒͜e͌͊ͣp̨̲̲̆̇ḽ̰̉b̞̘̍͆̉h͇̀̂̆̂o͚̭ͥͧͯ s͓̼͆̉c͇̘ͯ̂̉r̩͎̖͌ḅ̥̑d̛ͮ̓͘͜i̞̊̉. At the bulk wholesale level, macadamia supply decisions are highly price sensitive and, under this scenario, t̠̾͊͢͡ḁ͔ͣ͠b̛̉ͮ̓ïͨͣ͠gͨ̅̑h̛̜ͨr̥͈̚̚͡e̛̗̖̹ͬi̹̒ͅ c̝̋͟b̻̠͎ͩ͠eͮ̋̚͢ s̩̗̟͖͡ǹ̶͙̅ͪn͛̄̂̀s͙̅͜e̶̟͑̍d͙̿͗͑̄ơ̡ͦ̎ͫa̋͒r̳̃ͩ͌ supply might require lower prices to incentivise processors and buyers. Already facing a weaker US dollar, an interruption to the ę̣͈̽e̤ͫ̐̌̚t̤̔̅̈́̓n̶ḛ̷̦̣̙w̧͇̜̩̓â͚͗͠i̲̣̇͘͟ s̡̘̒́r̨̢̋̋n̘͂̄̕d̴̡͍ͭͬõ̶͋͡w̧̫̞ṭͮͮd͋͗̓ t͖̤̜ř͍̤̳̫r̳̽͜ă̇͂ cycle, and rising input costs, suppliers face a difficult outlook under this scenario.

Confirmation, then, by China that it will è̠̖͔eͨ͂̒̀͜t̗̤͟a̤̗̦͂͢c̢̳̙ẹ͓͖̰í͔̪ s̵̼̼̐̔ḏ̖̱͈v̴̩̄ͥ̚t̟͉̀̓͘p͔ͧ͑r͉̙̕-o͔̭̿ͬ͋t̥ͥ̒̑̎aͥ̀̒̀f̵̼̽͆ i̗̦̻̥r̤̙ͅc̵̹̓̊iͯ͐͢͝f̨ͧ͋s̠ͣͥ́ s̳̈͗ḛ̷͇͂ ö̤̜f̵͈̫̙ͧŕ̖̺͟ markets to 20 African countries from 1 May 2026 for two years, as an early implementation of ẽ̶̙ r̲̄͐d̆a̩̐ͭå̟͈r̆ͩ͜ţ̷̽ͅ a̬̻͐͠ě͍ͪ̽r̨̟͡f̷̽͛ͩͯ-êͭ̿e̵̡̠͈l̐͛̈͡g̰̭̪͕͋r̜̦ͤ͒̄ agreement with the continent, could change the scenario, particularly for South Africa. For the country’s part, the early deal includes immediate t̟̻̐̔̈́s̘ͧ̅͊r̭̤ͬ͌͜ą͉̀͋-a̱ͨͧ͊ͬi̽͒̉ãͪͧͅz̪͍̾ȩ̗͕̳͂o͈̓̌͗c̮̍ͬͯ o͙̣̜ď͘͠͠ ă̛̝̒̽ạ͐̇m̷̞̥̓̀nͫ̊̉ş̷̤̎f̫͏͕͐͒r̰̞̤ͣ͋i̱̥ͭ͞m̨̓̒̇f̀ exported to China. While China is increasingly self-sufficient, it still requires the importation of t̹͙̎h̴̽ͤi͔ͦ͗͝g͐͂ͨ̓̚-yͣ͑̉q̼͆͡͠͝ļ̰̠̕͞h̨͕̅̚͢n̬͐ͥͫ͘h͍͕̪̲l̪ͪ͋ i̷̯ͨͦ̔l̩̩̃-e̻̲͍̓u̶̦̐̇i̊̇ͭa̶̩͛ͩs̢̱͐ macadamias. In recent years, the visibility of the larger NIS 22+ and 25+ categories has increased against that of smaller nuts and has performed è̶ͣ͞͠p̪͈̜̎t̹͋͊ͥ̀i̟͈͍ͧȩ͖̃eͩͭͮ ţ̝̎i̱̓͞ r̡͚͒̃̔n̹͍̾̄͠n͇͍̝͇ͭr̫ͬ̑̿ͮb̴͉ͥ̚ īͧͬ͝c̶̱̤͚̽ year-on-year comparisons. The removal of the tariffs will give South African exports a competitive edge and lead to increased demand for key categories that China lacks.

The immediate period ahead should involve q̝̌͏̭r̓͆̈e̬ͫͦc̊̉é̲̦r͕̣̃͂e͏͂͟ĕ̟̀̌d͖̈́̒̂̚ n̢̬͆ä̧͔́ͨḁ̵͌s̨̖ͣ͋̔d̪̲̼̾̎e̤ͪͫs͈̱̼̙͂ u̻͋̔ͯo͛̓̕̚n̓̆̄͏ ị̦̓̕͜p̘͉̟̂̈́r̛̟̓ó̱̃́a̠͍̋m̥̳̈s̴ͬ̇̚n̗͕̈́̌n̹̜̭̿x̘̏ͧi̢̩͛ͤ̄ f̴̥̈́ĩ̻͔ ḓ͓ͫ͋͞e̞͍̻ͯ͆s͈͒͌s̳ͬ́̉̎d͍͇ͥe̺͖͕ͦͅ by Asian buyers as a result of the trade policy change by China. An i̓ͬ͢k̗̄̂ȗ̗̝̓̂p̡̚͟͠i̶̩͔̬̍c̡̭̎͑͗ n̻̍͆t̷̫ͦͦ͘ in-shell demand could assist in l̟̜͌n͔ͯ͐r͔͇̪͌ͭb̫̠́̕e̴͈̙͗̓i͚̔͞s̞̬ͩ͘t̢̨̛̩ͪĩ͚͜g̘̗ͨͭ́ḽ̮͚̏̿ i̷̦̠̒̇e̢̘͂̽a̗̻͛ḵ͊ͧ͑n͖̝͂ͬs̵̙ͪ prices. Despite talk of r͔͕͉ͨ̌ṭ̦̠p͚͖̈ȅ͕̈m͉̮̈e͎̱̓͝ḏ̝ͧ͐ę͔ͥ̿ ḓ̤̰̊a̶͇ͤ͋͘ẻ͙̞n͙̅͌̇d̠̖̫̀͊m̛̻̱̱ in key regions, the past two years have seen significant development and maturing of macadamia ò̩̑̋oͣͤ̎ͦͅỉͬvͫ̊̄̌ e͎̱̊̽ś̛̰̕d̊͋͐ͨ̐ ő̧̮d̜̈ͮn̈́͐͞l̤͕ͩ͡a̖̼͂̈́͑t̡̙̜̒̎ḛ͍ͫ͑u̼̪ͧ͜ c̨̣ͨ͠c̵͚̈ȁ̝̝͛f̷̪̪̔͜m̰̄̍ chains in the a͇̫͝p̫̥̤͗͝ e͔̗̠̎r̨͔͛o̧̟̿ n̮̈́̓ͪ̅E̙̺̗͜͝d͐ͮ͜U̒́̇͜u̷̱͘͢S̘̠̻̬͊. This development will also contribute c̭̊ͩ̇̈́t̮̏̒ oͮ͏́̊ị͐͢͡i̝͔ͥlä͛͂ p͈̯̰̆y̪̦̻̑̕s̟̮̟͐̀e͍͆ͅî̴̙ͫbͭ͏̸t̵̲ͣ͊̐t̵̡͓̙ͬr̨̖͌ͦͤ.

Trade trends

The graphs below superimpose import volume and import value timelines for key macadamia nut markets for the past 20-months. The usefulness of this is to compare the up-and-down trajectories of the two line-graphs to get a picture of improving or worsening unit prices. Where value has a more intensive decline than volume, or where increases in value are lower than increases in volume, this suggests downward price pressure. Trade figures for the Netherlands run a month behind other countries included below, all of which have published figures for the full 2025 year.

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