Brazil nuts: upsurge in prices
December 11, 2024 at 11:19 AM ,
Der AUDITOR
Export prices surge by 49% in Peru
Exporters are reaping the benefits of a price surge for Brazil nuts in Peru as local media report. In October the country exported 356 mt of Brazil nuts worth USD 3.1 million. Although this marks a 14% decline as compared with October 2023 in terms of volume, the export value has risen by 17%. Total exports have thereby climbed to 5,038 mt worth 36.9 million between January and October, which is 9% up in terms of volume and 45% up in terms of value on the same period in 2023. Average export prices have surged by 49% to USD 8.68/kg in the first ten months of the year.
South Korea was the main export destination for Peru in October accounting for 37% of all exports, followed by the USA with 21% and Thailand with 11%.
|
Brazil nut exports, Peru |
|||
|
Destination |
mt |
USD |
Avg USD/kg |
|
South Korea |
123 |
1,200,000 |
9.33 |
|
USA |
64 |
648,000 |
10.07 |
|
Thailand |
34 |
345,000 |
10.28 |
|
Agraria.pe, 1/10-31/10 |
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EU imports up
Peru may not be able to compete with the world’s leading producing country Bolivia, yet the country’s shipments have recorded a notable rise of 15% to the EU this year. Imports from Bolivia have risen by a more nominal 5%. Shipments from Brazil have flatlined. Imports from other countries such as Chile, the USA and Canada have also risen by astonishing amounts. Contrary to this, shipments from the UK have declined by 35%.
Total EU imports stand at 13,816 mt worth EUR 86.627 million (USD 90.968 million). This is not only 6% up in terms of volume but also a sharp 25% up in terms of value on the 13,052 mt worth EUR 69.100 million (USD 72.563 million) imported between January and the first week of December 2023. The average import price stands at EUR 6.27/kg (USD 6.58/kg), which may be 19% up on the EUR 5.29/kg (USD 5.56/kg) recorded last year but ranges 12% lower than the average price of EUR 7.14/kg (USD 7.50/kg) paid in 2022. Germany presently accounts for 44% (38,190 mt) of all EU imports, followed by the Netherlands with 35% (30,710 mt) and Spain with a much smaller 8% (6,640 mt).
|
Brazil nut imports, EU (kg) |
|||
|
Partner |
2023 |
2024 |
Diff. |
|
Bolivia |
11,455,707 |
12,000,428 |
4.8% |
|
Peru |
728,083 |
840,458 |
15.4% |
|
Brazil |
788,991 |
785,720 |
0.0% |
|
Chile |
47,736 |
100,664 |
110.9% |
|
USA |
57 |
48,023 |
8,4150.8% |
|
China |
2,117 |
32,060 |
1,514.4% |
|
Canada |
1,108 |
4,438 |
300.5% |
|
UK |
4,749 |
3,087 |
-35.0% |
|
EU |
5 |
556 |
1,112.0% |
|
Pakistan |
- |
150 |
- |
|
Others |
23,243 |
102 |
-99.6% |
|
Total |
13,051,796 |
13,815,687 |
5.9% |
|
DG Taxud Customs Surveillance system, provisional data, 01/01-09/12 |
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