Nuts

Brazil nuts: market has growth potential

November 17, 2022 at 9:26 AM, Der AUDITOR
Play report as audio

SUCRE/LIMA. As awareness of healthy eating grows, experts at Chelmer Foods are positive about the future of the Brazil nut trade. Meanwhile, prices on the European spot market are declining.

Prices drop by 10-15%

The Brazil nut market has been quiet for a long time, but the experts at Chelmer Foods believe that the situation could recover in 2023. They also report that the coronavirus pandemic had a positive impact on nut consumption as buyers reordered their priorities and invested more money in healthy foods. In 2020 and 2021, retailers therefore saw an increase in purchases of nuts and nut products. However, when it comes to Brazil nuts, this led to growing concerns about a shortage of goods, especially at a time when there were repeated supply chain disruptions. Importers in North America and Europe therefore stocked up generously - today, according to Chelmer Foods, warehouses are overflowing.

While prices for most nuts have fallen noticeably in recent months, the decline for Brazil nuts has been less drastic. Here, price declines over the past year have been around 10-15%. Shelled Brazil nuts from Bolivia, medium are currently trading at EUR 6.85/kg FCA Spain.

Brazil nuts, shelled, medium

Origin

EUR/kg

Bolivia

6.85

Peru

6.85

FCA Spain

Importers are cheating

Chelmer Foods also reports that most importers are not willing to offer their goods at significantly lower prices than their purchase prices. Some of them therefore try to back out of contracts or delay necessary payments. Overall, experts expect little activity on the market in the coming months, but the longer-term outlook is better. As awareness of healthy eating grows, market players see considerable growth potential for the Brazil nut market. This is likely to be accompanied by an increased fight against rainforest deforestation.

View more
price charts

View related articles

Go to the News Overview
Nuts
Mar 27, 2023
NEW DELHI. While sufficient peanuts of the Bold type are still available in Indian warehouses, the situation is quite different for other varieties. The acreage is expected to be larger this year and farmers are expecting good yields.
Nuts
Mar 27, 2023
ATLANTA. Marketing is a central issue for the American Pecan Council, but exports show that a lot of work still needs to be done. US exports, in fact, slowed again in February.
Nuts
Mar 23, 2023
MADRID/SACRAMENTO. With the stormy weather persisting in California and flowering coming to an end prospects are far from encouraging for almonds. High temperatures may have helped busy bees along in Spain, but growers are sounding the alarm bell.
Nuts
Mar 22, 2023
MANILA. As T.M. Duché reports the market for desiccated coconuts and coconut oil will be confronted with several challenges this year. Low prices, high production costs and volatile edible oil prices impacted trading in the first quarter.