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Brazilnuts January 28, 2022

The brazilnutkernel market is different. While before shipments were booked for the whole of the year, all sellers and buyers are staying nearby and just covering hand to mouth. Only first new crop shipments are booked. Processors/sellers are reluctant to offer higher prices (equivalent to current ‘high’ inshell prices) while buyers are expecting prices to ease.
Collection of the nuts from the rainforest is slower because of Covid and Influenza. Processors are afraid to buy raw nuts at todays levels as they are expecting prices of kernels to come down.