Australian nut merchants say the China-Australia Free Trade Agreement will bring more business opportunities

[Huanqiu.com report intern reporter Du Xiaofei] According to an Australian Broadcasting Corporation report on September 25, Australia's overseas sales of nuts in the 2015-2016 fiscal year increased significantly and are expected to reach 600 million yuan. Among these, the large demand from the Chinese market for Australian almonds, walnuts and macadamia nuts has especially delighted Australian growers. As the China-Australia Free Trade Agreement advances, Australian farms will see more business opportunities.

According to reports, Stahmann Farms, Australia's largest pecan grower, is a vertically integrated company. Its farm in New South Wales has more than 80,000 nut trees and its own nut processing facilities. The company also has a macadamia nut farm in southern Queensland.

The company's manager, Jarnest, said: “We have found that the Chinese market has a great need for our products. Therefore, our key focus is to increase supply to the Chinese market. We hope to export 1,000 tonnes of nuts to China, which would account for 20% of total production.”
 

At the Asia Century Conference held in southern Queensland, Jarnest pointed out that as the Australian dollar exchange rate falls, nut exports will become a highly rewarding industry. As the Australia-China Free Trade Agreement advances, tariffs on nut exports to China will decline, and there will be even greater business opportunities in the future.

It is reported that since 2012, the price of Australian nuts in China has almost doubled. Most Chinese consumers prefer to buy nuts in the shell.