QUEENSLAND’S macadamia industry is booming, with this year’s harvest expected to bring record returns for growers.
Queensland supplies half of Australia’s macadamia crop, with orchards situated from Mackay to the New South Wales border. The native nut has also captured three per cent of the global nut market, with 70 per cent of this year’s Australian crop destined for consumers in the USA, Japan, China and Europe.
Production in 2016/17 is forecast to be worth $140 million — 17 per cent higher than the final estimate for 2015/16 and 97 per cent greater than the average for the past five years.
Four new tree varieties were also announced last month, and are the culmination of nine years of research. The new varieties have shown potential to increase yields by up to 30 per cent and perform extremely well in the Bundaberg area.