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MAUNA LOA MACADAMIA PARTNERS L.P. COMMENTS ON ITS RECENT PRICE ACTIVITY AT THE REQUEST OF THE NEW YORK STOCK EXCHANGE

 MAUNA LOA MACADAMIA PARTNERS L.P. COMMENTS ON ITS RECENT PRICE
 ACTIVITY AT THE REQUEST OF THE NEW YORK STOCK EXCHANGE
 HONOLULU, April 24 /PRNewswire/ -- At the request of the New York Stock Exchange, Mauna Loa Macadamia Partners L.P. (NYSE: NUT) commented on the recent activity in the price of its Class A Units:
 It is our belief that the recent trading activity was initiated primarily due to Congressional hearings in Hawaii concerning the alleged dumping of Australian macadamia nuts into the United States. These hearings have prompted a lot of publicity including a major article in the Wednesday, April 22, 1992, edition of The Honolulu Star-Bulletin as well as heavy local television news coverage in Hawaii, where a significant number of the Partnership's investors reside.
 Although this heavy publicity about macadamia nut imports from Australia is a recent occurrence, those imports have been occurring for some time and therefore the current macadamia market price should already reflect that increased nut supply. The timing of these imports could not have been worse as demand for upscale products like macadamia nuts has been static with the U.S. recession and the drop in tourism related to the war in the Gulf. Supply and demand should be back in balance by year-end.
 -0- 4/24/92
 /CONTACT: Lissa Dunford, VP & CFO of Mauna Loa Resources, 808-544-6172/
 (NUT) CO: Mauna Loa Macadamia Partners L.P. ST: Hawaii IN: FOD SU:


AL-JL -- LA032 -- 2717 04/24/92 17:06 EDT
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Publication:PR Newswire
Date:Apr 24, 1992
Words:247
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