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Brazilnuts March 03, 2022

The  crop so far is looking normal but we have to be patient for another couple of weeks to see what quantity is collected from the rainforest. We will have a better picture in a couple of weeks time.
Some shippers started processing already and other will follow later this month. While market started slow, all early shipments are sold now and processors offering May/June onwards shipments.
Also the brazilnut market is facing issues with regards to logistic. Freight rates tripled in the last 12 months and are expected to remain high. Beside the freight rate, also the availability of empty containers is a mess.
It is our recommendation to get cover up to 75% of your requirements for 2022 as we do not expect significant changes in the months ahead.