Exports of Brazil nuts fell in value 51% from January to May
Published Jul 4, 2020
Tridge summary
The result was due to its high concentration in a single market (South Korea), whose demand is contracting.
Original content
(Agraria.pe) In the first five months of 2020, Peruvian shipments of Brazil nuts totaled 1,544 tons for US $ 7.9 million, 29% less in volume and 51% less in value, compared to 2019. The results obtained are product of the high concentration of exports to a single destination: South Korea, a country that has had very volatile demand in recent years. In 2018, South Korean demand for Brazil nuts doubled, benefiting its main supplier: Peru. The good reception of the fruit contributed to Peru exporting 5,821 tons for US $ 64.7 million. That year, Peruvian exports to South Korea grew 77%, becoming the main destination with 70% participation. The good expectations and achievements obtained in 2018 were not repeated. During 2019, South Korean demand for the walnut fell 67% ...
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