Business

Australia wide macadamia shortage due to weather

Macadamia nuts are like gold in a year of short supplies, according to Suncoast Gold CEO Jim Twentyman.
Macadamia nuts are like gold in a year of short supplies, according to Suncoast Gold CEO Jim Twentyman.

THE reserves are long gone and Australia's macadamia industry is forced to confront the shortages that are this year's market reality.

Gympie's Suncoast Gold is one of many Australian processing operations looking at supply worries.

Shortages have pushed up prices, but Australia is not producing enough nuts to take advantage of that.

Australia's only commercially developed bush tucker success story, the macadamia industry depends on export markets and is no longer without international competition.

Suncoast Gold CEO Jim Twentyman echoed concerns expressed by the Australian Macadamia Society that wet weather across many growing regions this year had led to reduced yields.

"It's a fact across the whole country," Mr Twentyman said.

"The long dry to January caused a lot of nuts to fail to develop."

Then came the remnants of tropical cyclone Oswald and the start of a wet season that seemed never to end.

"Strong winds caused more nuts to fall and inflicted damage on trees as well," he said

"Overall the Australian crop has been underperforming for the last couple of years, because of weather events.

"It's been too hot, too dry or too wet.

"Supplies are about 20% down from where they should be."

Gympie Times

Topics:  macadamia, wet weather




August entertainment at the Gympie RSL

Great acts are set to continue rocking the mic at the Gympie RSL in August.

Cold nights are set to warm up with entertainment at the Gympie RSL

Winter Essentials

Check out these five winter essentials to help you not only survive but thrive in the cold.

Feeling the cold? Maybe you need to pick up these five products.

A tribute to Betty's legacy of flowers and friendship

Gympie Horticultural Society. NINE DECADES YOUNG: Betty Cockburn cuts her birthday cake at the Gympie Municipal Horticultural Society meeting in Mike and Mavis Silvers' Wolvi garden.
Photo Contributed

Betty Cockburn passes away aged 91

Latest deals and offers

#SaveMarinaJoyce: How ISIS theory took over youtube channel

One young Youtuber accidentally gave rise to a conspiracy theory

Talking whiskey with Jack Daniel’s master distiller

It all comes down to the distillery

SIXTY MILES AHEAD sign with Eclipse Records, prepare new album 'Insanity'

Sixty Miles Ahead sign with Eclipse. Photo Contributed

Sixty Miles Ahead to release new album on Eclipse

Thy Art Is Murder are killing it

See Thy Art is Murder on their killer tour happening right now. Photo Contributed

We talk with Thy Art is Murder about touring, babies, and new music

Date announced for Prince tribute concert

A Prince tribute concert will take place later this year

Matt Damon is taking a break from acting

Matt Damon is taking a break to spend time with his family

Queensland's $1 town goes under the hammer today

The township of Yelarbon is up for sale.

Unprecedented auction of town's business centre with no reserve

Is Gympie having a building boom?

There is plenty of building activity happening around the Gympie region.

New home approvals for Gympie region double

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley