Brazil Nut Early Forecasts

Due to poor rainfall during 2016 and the impact of “La Niña” climate event, Brazil Nut crop early forecasts for 2017 predict a shortage of at least 40-50%. Since collection is not finished yet, more definite figures will be available later on along this season. So far, less raw material is arriving to the factories and some of them are opening later than usual and are expected to close earlier as well (June/July). As a result of a low carryover and raw material availability, demand and prices are oscillating consequently.