AU nut industry worth almost $1 billion

The Australian nut industry is now worth almost $1 billion.

The industry has been moving from strength to strength, with an export value of more than $650 million in 2013-14, and confirmation from the industry that its trade value is very close to hitting $1 billion.

Trade value constitutes sales of all tree nuts, both domestic and imported.

The increase in value is a combination of the high prices nuts command in the marketplace, and increasing demand from consumers.

The industry’s health awareness program, Nuts for Life, has measured consumption of nuts increasing at 6 per cent year-on-year for the past decade.

Source: weeklytimesnow.com.au

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