Brazil Nuts - November Market Update
We have seen the market begin to become more volatile with new crop being introduced. Good volumes of business have already been secured for February through to May. With packers that are prepared to offer forward shipments, February positions have been filled. Customers with packer specific requirements should consider buying forward as some packers are sold out of what they are comfortable to offer at this stage. We expect to see more offers becoming available form more packers once production draws closer.
With longer transit times and lack of early crop, the current crop stocks will need to last until April time, so anyone still looking to cover up until June arrivals should urgently start looking at getting orders in.