Green Farms Nut Company (GFNC) hosted their annual macadamia nut price offer meetings with farmers throughout Limpopo and around the country last week. Even though prices were significantly down last year, GFNC stated that they remain positive and invested in the long-term future of macadamia nuts. Close to 400 macadamia nut growers are associated with GFNC.
“The industry has experienced a weakening market over the past 18 months. Although it will not surprise, growers will be disappointed with current prices. “With prevalent supply and demand dynamics at play, we are doing all we can to cushion this for our growers through a variety of initiatives at the market and factory level,” says Allen Duncan, CEO of GFNC.
Source: letabaherald.co.za