Everybody is talking about Brazil Nuts at the moment so it won’t be a surprise to hear Brazil Nuts mentioned in almost every conversation. Briefly, 50% less crop – Prices up – No offers at origin.
Brazil Nuts market went crazy after bad news started to come from Amazon rainforest and it is now very clear that situation is not good. There is potentially 50% less material this year, most of the factories do not have enough raw material stock even to fulfill their existing contracts.The rumors of default have also started to spread for earlier committed deals. As the packers are trying to cover their existing contracts first, there are almost no offers at origin now.
Since last couple weeks prices pushed up by 70% compared to the opening prices – and everyone is trying to cover at any levels they can.
It’s been said that some of the factories are going to close on June or early July due to lack of raw material which will also affect labour very bad in that region.
We are still not sure about the shortage percentage but we know that statements are not speculative so this year we will not see any significant decrease on prices. Another news about the crops size – it will be very very hard to find Medium size Brazil Nuts this year and impossible to find Large size, so final buyers and repackers will need to update their specifications.
For your information, we are currently able to offer Brazil Nuts from our stocks in Netherlands and we may have some offers for full loads from direct origin, for April / May shipments.
We will update you as soon as we have more news regarding Brazil Nuts.
If you’d like to get more detail from us about Brazil Nuts or have any other questions, feel free to contact us.