More than 1,500 industry leaders from the global nut and dried fruit sector have gathered in Mallorca, Spain, for the International Nut and Dried Fruit Council (INC) Congress. The event, running through May 10, has brought trade policy, particularly tariffs, to the forefront of discussions among exporters, processors, and industry stakeholders.
One of the key topics is the impact of changing trade dynamics, including adjustments to U.S. tariff structures. South Africa, a leading producer and exporter of macadamias, has been closely monitoring these developments. The country's macadamia exports to the United States currently face a 10% ad valorem duty, down from a previous 30%. Although a further increase was proposed, it has been temporarily paused. Industry representatives noted that while the U.S. remains a critical market for premium macadamias, the evolving tariff landscape has added complexity for exporters.
Alex Whyte, an executive at Green Farms Nut Company, emphasized the importance of balanced trade relations. "These discussions are about finding solutions that work for all stakeholders," he explained. He noted that while the U.S. has its own trade priorities, there is mutual benefit in maintaining access to high-quality imports for American consumers and manufacturers.
The discussions in Mallorca are not limited to the U.S. market. Delegates are also exploring opportunities to enhance market access across Asia and the European Union. Current tariffs in China (12%), India (30%), and South Korea (30%) have been identified as barriers to trade, while new agreements are providing tariff-free access for Australian macadamias in India. As the congress continues, industry participants are focusing on achieving a balanced approach to trade that supports sustainable growth for the global nut sector.
For more information:
Green Farms Nut Company
Tel: +27 13 751 1686
Email: [email protected]
www.gfnc.co.za