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MAUNA LOA MACADAMIA PARTNERS L.P. COMMENTS ON EXPECTED IMPACT OF NEW DISTRIBUTION AGREEMENT

 HONOLULU, Dec. 23 /PRNewswire/ -- In a separate release, Mauna Loa Macadamia Nut Corp. (NYSE: NUT) (Mauna Loa) announced today that it had entered into a distribution agreement with the Planters Division of Nabisco Foods Group. Under the agreement, the Planters Division will be the exclusive marketer and distributor of Mauna Loa nuts sold on the U.S. Mainland. Those nuts will continue to be sold under the Mauna Loa brand name.
 Mauna Loa Macadamia Partners L.P. (the partnership) sells all of its nut production to Mauna Loa under long-term contracts for a price based 50 percent on the processing and marketing results of Mauna Loa and 50 percent on published USDA macadamia nut prices each year.
 As a result, the agreement between Mauna Loa and the Planters Division is expected to have a favorable effect on the price that the partnership receives for its nuts in future years. That favorable effect, if realized, should partially offset the negative impact of the sharp decline in the USDA macadamia nut price during the past three years.
 Mauna Loa Macadamia Partners L.P. is the world's largest grower of macadamia nuts, owning or leasing 4,027 acres of orchards on the Island of Hawaii, where macadamia yields are the highest in the world. The partnership's Class A units trade on the New York Stock Exchange (symbol = NUT).
 -0- 12/23/92
 /CONTACT: D.S. Dymond, VP and treasurer of Mauna Loa, 808-536-4461/
 (NUT)


CO: Mauna Loa Macadamia Nut Corp.; Nabisco Foods Group ST: Hawaii IN: FOD SU:

LS-JB -- LA029 -- 9775 12/23/92 20:02 EST
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Publication:PR Newswire
Date:Dec 23, 1992
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