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The Australian Macadamia Society (AMS), the peak industry body for the Australian macadamia industry, has welcomed a new free trade agreement (FTA) with South Korea that will see the tariff on macadamia exports reduced from 30 per cent to just 18 per cent by 1 January 2015 and tariff-free by January 2018.

The Australian macadamia industry is set to reap the benefits of the unfortunate Korean Airlines nut saga, with the resulting increased demand for Australian macadamias great news for our 650 growers.

We are proud to announce that Australian macadamia producers have achieved 100% compliance in the 2013-14 National Residue Survey (NRS), making it 14 years in a row.

The Australian Macadamia Society has announced a final crop of 43,600 tonnes in-shell for 2014, an increase of 24% (8400 tonnes) on last year's crop.

China's growing appetite for Aussie macadamias is about to get bigger, following today's historic Australia-China free trade agreement which will remove the 24% tariff on macadamia imports from Australia within five years.