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Macadamia deal

This article was originally published in Foodnews

HAWAIIAN grower, ML Macadamia Orchards, has contracted Buderim Macadamias of Hawaii to process part of its production into kernel. The agreement provides that Buderim will process between 1.5 million and 7.0 million lbs of wet-in-shell macadamia nuts into kernel for ML Macadamia during 2013, which will be used for the company’s new Royal Hawaiian Orchards product line (FOODNEWS 18 May). The wet-in-shell nuts will be available because a nut purchase contract with Mauna Loa Macadamia Nut Corporation covering a portion of ML Macadamia’s production expires on 31 December 2012. Historically, the company’s production has been sold to Mauna Loa, a subsidiary of the Hershey chocolate company, and other Hawaiian processors, but ML Macadamia announced in its 2011 annual report that it would pursue selling branded products, in order to benefit from the current high market prices, and safeguard against future fluctuations in price.

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