Global Macadamia Shortage Fuels Ariston’s Growth Surge

Ariston Holdings is capitalizing on strong global demand for macadamia nuts as supply tightens following the end of the Covid-19-induced oversupply.

The company recorded a three percent increase in production volumes for the year ending September 2024, reaching 1,395 tonnes.

Of this, 1,219 tonnes were available for sale, including prior-year stock, while kernel-equivalent sales totaled 246 tonnes, reflecting renewed market strength.

Group CEO Leon Nortier confirmed the industry’s shift, stating, “The global macadamia oversupply created during Covid-19 has ended, and buyers are actively securing off-take agreements ahead of the new season.”

According to Herald, Ariston commissioned a high-tech macadamia scanning machine in April 2024 to grade and price nut-in-shell macadamias before export.

This investment strengthens quality control, ensuring premium produce reaches international buyers.

Revenue for the year grew nine percent to US$7.1 million, driven by higher macadamia prices and strong joint venture contributions.

Group chairman Alexander Jongwe emphasized the role of strategic partnerships in the company’s success.

“Our joint ventures—Bonemarrow Investments, Claremont Orchards Holdings, and Mombe Shoma—have significantly boosted financial performance.”

Despite revenue growth, cost of sales increased by three percent, mainly due to rising costs of fertilizers, chemicals, and electricity.

This resulted in a gross loss of US$1,389,028, underscoring challenges faced by agricultural producers.

Looking ahead, Ariston remains confident, leveraging strong demand, enhanced quality control, and operational efficiencies to sustain growth and maximize shareholder value in the global macadamia market.