Bolivia: For the first time, chestnuts could not be sold in 2022 in several European countries due to three reasons

Published 2023년 3월 29일

Tridge summary

The Covid-19 pandemic has led to a significant overproduction of chestnuts in Bolivia, approximately 30,000 tons, due to delayed shipments and decreased demand in European markets, including Germany and the UK. This situation has negatively affected both exporters and collecting families in Bolivia. Despite a rise in chestnut exports from 2021 to 2022, particularly in Pando and Beni departments, the market is saturated and international prices have plummeted from 5.5 cents to 2.5 cents per pound.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to Covid-19, only in the middle of last year -and after several weeks of waiting- the ships with the containers that transported this Bolivian product to the markets of the other world, especially Germany and the United Kingdom, were able to leave, for this reason there is currently too much chestnut. At the same time the demand fell. Europeans are now choosing to consume more essential foods as part of their family basket, leaving this fruit aside, Édgar Blacutt, president of the Northern Chamber of Exporters (Cadexnor) assured ANF by telephone. “Like never before, last year we had an overproduction (close to 30,000 tons). The European market is crowded (with chestnuts) and I imagine that they want to take care of their situation. Instead of buying nuts, they buy eggs, chicken, and others; and our nut is a luxury food for them. Demand has decreased and the chestnut has arrived suddenly, because there were shortages of ship containers due to the pandemic. They have a strong ...

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