Brazil nuts: high starting prices in 2022

March 29, 2022 12:29 PM, Der AUDITOR
Play report as audio

REUS/SUCRE. The negotiations between the Brazil nut collectors' unions and the processing factories could be settled quickly this time, as both were satisfied with the starting prices. These are clearly above those of 2021.

Rains were delayed

The 2022 Brazil nut season has started and experts from the International Nut and Dried Fruit Council (INC) report that both collectors and processors are in a particular hurry this time as 2021 production ended earlier than usual. Concern had initially arisen in November because the expected rains had not taken place; however, after some delay, they had arrived and brought respite from the intense heat, allowing the collection process to proceed smoothly. The usual negotiations between the collectors' unions and the factories were short this time, as the starting price was 50% above that of 2021, with which both sides were satisfied. High demand from financially strong factories is also providing support for the high farmgate prices.

Prices on the European spot market, meanwhile, have risen slightly in recent weeks to EUR 10.20-10.60/kg FCA Spain for shelled Brazil nuts from Bolivia.

Shelled Brazil nuts, Bolivia







FCA Spain

Global crop records decline

So far, the crop outlook looks satisfactory. Although both Bolivia and Brazil expect crop declines, Peru will be able to maintain last year's level, according to current INC estimates. Overall, the global crop is forecast to decline by 17.5% this year, reaching a level of 73,500 mt. Exporters expect exports to return to normal levels. Last year, very low starting prices led to massive price increases during the season, which may have deterred some buyers. In addition, there are still transport difficulties due to a lack of both workers and containers, which also affects work in the factories. At the beginning of the year, the important trade route from Bolivia via Chile was particularly affected because new tests for truck drivers were introduced here, which took up a lot of time.

Brazil nut production, inshell, in mt





















INC, March 2022

View more
price charts

View related articles

Go to the News Overview
May 25, 2022
ORDU. Over the last few weeks reality has kicked in that sufficient supplies are available, and attention shifted more towards the new crop. At present, the mood is, however, shifting in Turkey’s hazelnut market. Issue are strange dynamics. The market may also have to adjust production estimates for the new crop.
May 25, 2022
MADRID/SACRAMENTO. While almond production will range 4% lower in California at 2.80 billion pounds, things are also far from encouraging in Spain. According to the National Nut Board production will range 30% lower than last year. Judging by experience, however, the estimates presented by this organisation tend to be rather conservative.
May 23, 2022
NEW DELHI. Although the prices for peanuts have fluctuated in a narrow range in India in recent weeks, traders reckon that this is about to change. Issue are global factors, especially since production is under the weather in Brazil. Recently updated production estimates, however, tell a different story.
May 19, 2022
ORDU. Economists reckon that Turkey is witnessing an unprecedented economic crisis of epic proportions. Hazelnut suppliers report the inflation is much worse than official figures suggest, and exporters are dealing on slippery grounds. The production estimates issued at the International Nut and Dried Fruit Congress also illustrate some surprising trends.