Global Trading & Agency

Brazilnuts Latest news - 22.12.2011

Although the 2011 crop was more or less sold out two months ago, demand has virtually come to a standstill and there is a clear indication that consumers do not accept these excessive price levels. Despite only a handful of containers being offered in recent weeks, prices have started to soften. This downward trend is needed as the new crop collection is beginning now and it is crucial that factories buy raw material at considerably lower prices. As always with raw material markets, once a price is set, it is very hard to reduce it later. In terms of predicting what will happen in the future we would like to think that the price of Brazilnuts could again have a 3 at the beginning – however we would like to make clear that despite the high prices this year we do not see any investment at all by the industry in Bolivia to increase the potential crop collection. Statistics show that we had production of kernels at about 20.000 mton for the last two years and we are afraid that there is not much potential for this to increase without new investment in collecting infrastructure. Weak demand is the only way to get prices down, which we hope will be the case over the next couple of months. Our recommendation is to wait for forward covering as there is a big potential for prices to fall.

Brazilnuts General information

The brazilnut is a nut which is hardly cultivated. Until recent, the nut was a 100% wild grown nut which grows well in the jungle of the Amazon rainforest and is gathered by the local population in the bush. The brazilnuts are growing in trees which can reach a height of 60 meter. They are grown in pots, which are falling at the ground (because of the height of the trees, the nuts cannot be picked) and gathered by the people. The pots are cut open and the inshell brazilnuts are shipped by boat to the factories and processed. Brazilnutkernels are very popular when coated with chocolate. It is also used in the cereal industry and of course as a snack, as one of the ingredients of mixed nuts or in the very attractive 'Studentenfutter' in Germany. 

Origins / growing areas
The Brazilnuts are growing in the triangle of Brazil, Bolivia and Peru in the Amazon rainforest.

Grades / Varieties
Brazilnuts are sized from Large (90/110 pieces per pound) to Tinies (180-220 pieces per pound).

Harvest times / Shipment times
The local people start to gather the nuts by January and are continuing this until June. Collection (and thus the crop) depends partly on the pre-paid amount that the shelling factories can pre-pay the collectors that will enter the jungle. When the prices are low, limited volume will be gathered, resulting in a ‘smaller crop’ (really it is only a more limited availability as there are enough goods available farther in the jungle, but these won’t be collected and will deteriorate and become useless).

Packing
Brazilnuts are packed in 44 lbs aluminium packs net per carton.

Nutritional values (per 100 gram)
Energy 703 kcal.
2.938 kJ.
Total Fat 66,9 gr.
Total Protein 14,3 gr.
Total Carbohydrates 7,8 gr.
Total Minerals 3,3 gr.
Total Vitamins 1,6 mg.

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