At the end of 2020, the producers and the collectors of the brazil nuts agreed on a minimum price for the raw material, so prices for the raw material have increased by around 35% and there could even be some further small increases to come.
Additionally, according to the field analysis, the new crop will be (at least) 25% smaller than last year.
At this moment the political situation in Bolivia is steady and we don’t expect drastic political changes in the next few months. But Coronavirus will inevitably have its impact on the production and logistics.
The daily cases of Corona in Bolivia are increasing and the factories will not be able to produce at maximum capacity which will impact productivity. Additionally, there is still a lack of empty containers in Bolivia, with shipping companies having to continuously reschedule with departing vessels overbooked and lack of availability. Logistically, very demanding.
Please speak with your contact person at Rhumveld for more information.
Published: February 2021