Brazil Nut prices have been drifting down now reaching levels of 2012 season – October 2018
As for many items also brazilnut prices have been drifting down now reaching levels of 2012 season. In the graph we have left 2017 out, because of the crop failure and prices reaching 10.00 per LB. But current prices put in a historic perspective are really on the lower end and it wouldn’t be a surprise if prices have seen the lower end of this. Basically prices between USD 3.50 and USD 4.00 are seen as sustainable as a lot of effort needs to be put into it.
The volumes for the remainder of the season are limited and therefore it might not be a bad moment to look at your needs upto May/June 2018 and cover some positions.