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Article: ML Mac sells remaining crop
- Article from:
- Honolulu Star - Bulletin
- Article date:
- July 15, 2008
- Author:
CopyrightCopyright Honolulu Star - Bulletin Jul 15, 2008. Provided by ProQuest LLC. (Hide copyright information)
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ML Macadamia Orchards LP, the world's largest grower of macadamia nuts, said yesterday top buyer Mauna Loa Macadamia Nut Corp. will more than double its nut purchase agreement during the next year.
Mauna Loa, owned by Hershey Foods Corp., will purchase an additional 9 million to 12 million pounds of wet-in-shell macadamia nuts between next week and June 30, 2009, at 60 cents a pound. The addition brings the total amount of nuts purchased by Mauna Loa to between 15.3 million and 18.3 million nuts in the coming year, or as much as 87 percent of ML Macadamia's annual production of 21 million pounds.
Mauna Loa entered into an agreement in 2006 to purchase 6.3 million pounds of nuts annually ...