Brazilnut Market Update - January 2022
New crop collection has now started being harvested and so far, seems to be a greater yield that last season. The labour situation in Bolivia remains unchanged, with many farmers and packers facing personnel shortages, which have mainly been caused by Covid.
Spot purchasing remains strong with limited availability and has resulted in increased pricing. Shipping issues continue to put pressure on supply chains, with a sparse supply of empty containers in which to ship goods, this has also resulted in a further increase in pricing due to the inability to supply.
Most stockholders and suppliers are holding low amounts of raw material due to high prices. This is further increasing the pressure on new crop to reduce the price for Brazilnuts.