Error processing SSI file
NEWS RELEASE 98-077; OCTOBER 14, 1998 October 14, 1998
News Release 98-077
Inv. No. 332-386

U.S. MACADAMIA NUT INDUSTRY FACING CHALLENGES AS GLOBAL COMPETITION INCREASES, REPORTS ITC

World production of macadamia nuts has risen 67 percent since 1992, reaching a record output of 72,914 metric tons in 1997, reports the U.S. International Trade Commission (ITC) in its publication Macadamia Nuts: Economic and Competitive Conditions Affecting the U.S. Industry.

The United States was the world's largest macadamia nut producer from 1992-1996, according to the report. However, in 1997, Australia replaced the United States as the world's leading producer.

The ITC, an independent, nonpartisan, factfinding federal agency, recently completed the report for the U.S. Senate Committee on Finance. As requested, the ITC reported on the competitive factors affecting the U.S. macadamia industry, including competition from Australia, Kenya, South Africa, Malawi, Guatemala, Costa Rica, and Brazil, as well as trade practices and barriers of the competing countries that impede U.S. macadamia nut exports. Following are highlights of the report.

Macadamia Nuts: Economic and Competitive Conditions Affecting the U.S. Industry (Inv. No. 332-386, USITC Publication 3129, September 1998) will be available on the ITC's Internet server at www.usitc.gov. A printed copy may be requested by calling 202-205-1809 or by writing the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be faxed to 202-205-2104.

-- 30 --