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Brazilnuts February 10, 2022

Boarder crossing from Bolivia to Chile is causing significantly delays. Increased
Covid testing at the boarder has slowed down the crossing causing tail backs
which reached 2,000 trucks. Previously the trip would take 2 days but now is
taking more then 12. Not many factories had completed processing of the new
crop to export in January but those who did were unable to reach the ports in
time. Raw material volume continues to flow into the factories and with more
factories open and processing. Crop sounds normal, up in some places and
down in others. Clearer picture will only be know end of March.