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Australia

Nut export values plummet while volumes are up

Australian growers are shipping more nuts abroad, but revenues have been less overall in 2020/21. Rural Bank's Australian Agricultural Trade 2020/21 report which examines the performance of agricultural exports in the financial year, gave a mixed analysis of Australian tree nut exports.

It said the value of Australian nut exports decreased by 7.9 per cent in 2020/21 despite a significant rise in the volume of exports following increased production across most major growing regions. A substantial rise in global supply saw the average export price for Australian nuts fall by 27.9pc. Australia exported 130,018 tons of nuts in that period. China continued to be a major factor in the nut export figures.

Source: goodfruitandvegetables.com.au


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