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  • The Australian nut industry looks set to crack $1 billion in value by the end of the year

    Apr 13th, 2015

    <p></p><p><a target="_blank" rel="nofollow" href="http://www.abc.net.au/news/2014-03-17/australian-almond-growth-1703/5324982">Significant growth</a> in the almond industry in driving the value of the industry to new records. Media player: "Space" to play, "M" to mute, "left" and "right" to seek. The Australian Nut Industry Council said the almond industry makes up one third of the total value of the Australian nut industry. &nbsp;Council chairman Jolyon Burnett said the industry would increase its export value in the next few years and almonds were currently the leading exported variety. &nbsp;"It is the single largest exporter among all the nuts and represents over a third of the total value of the Australian nut industry so it's definitely the one driving the growth," he said.</p><p>"We're fairly confident the trade value of the Australian tree nut industry will top a billion dollars by the end of this year and if those sorts of growth trends continue it will easily surpass a billion dollars in export by the end of this decade. &nbsp;"Almonds globally have seen their production double but their value triple and that story is repeated petty much across pecans, walnuts and pistachios."<br></p><p></p>


    Source: www.abc.net.au
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