Nuts

Brazil nuts: anticipation grips market

January 12, 2022 at 4:33 PM, Der AUDITOR
Play report as audio

SUCRE. After production proved disastrous in 2021/2022, hopes are high that things will improve in 2022/2023. Heavy rains may, however, be decisive. Anticipations for the new crop have also hit Europe.

Rain has no impact yet

Harvesting is underway in the rainforests in Bolivia, Peru and Brazil. The International Nut and Dried Fruit Council (INC) reckons that shelling will start in March. Production should improve markedly over the disastrous 2021/2022 season when inshell production declined by 40% in Brazil and by nearly 19% in Bolivia. Chelmer Foods, however, emphasises the importance of the weather conditions, especially since heavy rains have been reported in both countries. Floods have, however, not occurred so far and transport has not been impacted.

Nominal price declines

Trading is rather subdued at the start of the year and attention has shifted towards the new crop. Suppliers are refraining from issuing reference prices from the new crop until production can be better assessed. As the new crop will arrive in the next few months spot market prices have declined in Europe with large Brazil nuts from Peru trading at USD 11.38/kg FCA Spain (EUR 10.09/kg).

Brazil nuts, shelled

Size, Peru

USD/kg

Large

11.38

Medium

11.20

Midget

11.10

FCA Spain

 

View more
price charts

View related articles

Go to the News Overview
Nuts
Jan 30, 2023
NEW DELHI. The shortage of sesame oil is making many buyers in India and overseas switch to peanut oil as a popular alternative. The higher demand is also causing prices to rise. There is good news regarding import duties.
Nuts
Jan 25, 2023
MADRID/SACRAMENTO. Although Spain’s almond exports received a boost in November, the dent in exports is still much higher than in California. Competition between Spain and California remains fierce with speculations on water supplies and exchange rates having top priority at present.
Nuts
Jan 23, 2023
NEW DELHI. Farmers are in full control of India’s peanut market. Not only do they still hold more than 35% of all stocks but they also know how to play to their advantage. Artificial intelligence may also prove an asset in limiting aflatoxin contamination.
Nuts
Jan 19, 2023
ORDU. Things have taken such a bizarre turn in Turkey that buyers have switched to other hazelnut producing countries such as Georgia, Azerbaijan or Italy. Drought will, in fact, have a lasting impact on production in Italy.