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Australian farmers go nuts as almond prices hit 10-year high

Cecile Lefort

Victorian almond farmer Neale Bennett has plenty to smile about at the moment after US President Donald Trump’s trade war with China sent prices rocketing to the highest in a decade.

Beijing’s punitive tariffs slapped on the US – and more specifically Californian almond producers – has allowed Bennett and other farmers to start charging China huge premiums for their produce.

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Cécile Lefort is a markets reporter based in the Sydney newsroom. Cécile worked in New York and Hong Kong writing about global capital markets. Email Cecile at cecile.lefort@afr.com

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    Original URL: https://www.afr.com/markets/commodities/australian-farmers-go-nuts-as-almond-prices-hit-10-year-high-20250506-p5lx3g