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Australia hazelnut production predicted to hit $400m by 2020

Hazelnut production in Australia could increase by more than 2000 per cent by 2020, according to a newly released report.

A Rural Industries Research and Development Corporation report has found the Australian hazelnut industry has the potential to be valued at $400 million with current annual production, 170 tonnes, anticipated to dramatically increase to 2000-3000 tonnes by 2020.

The report found Australian hazelnut growers wanted to expand their plantings and other horticultural producers wanted to diversify into newer crops.

And Ferrero Australasia, a major global processor of hazelnuts, has identified Australia as a country suitable for hazelnut production.

“With the aim of diversifying production regions and securing constant, reliable hazelnut supply, the Ferrero group has identified Australia as a country suitable for hazelnut production.”

source: weeklytimesnow.com.au

Publication date: 8/24/2017


 


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