News

Peruvian Brazil nut exports grew +6.3% in volume but fell -22.5% in value in the first seven months of 2023

Brazil Nut Kernel
Peru
Market & Price Trends
Published Nov 6, 2023

Tridge summary

Brazil nut exports from Peru increased in volume by 6.3% but decreased in value by 22.5% in the first seven months of the year. South Korea surpassed the United States as the main destination for Peruvian Brazil nuts, with a 111.3% increase in volume and a 34.9% increase in value. The United States remained the second destination but experienced a 29% drop in volume and a 50% drop in value, primarily due to a reduction in the sales price.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Between January and September 2023, South Korea displaced the United States as the main destination for Peruvian Brazil nuts. The South Korean country purchased 1,106 tons for US$6.6 million, unlike the same period in 2022, where it bought 523 tons for US$4.3 million. That is, its volume increased by 111.3% and its value increased by 34.9%. The United States, already the second destination, bought 1,024 tons for US$ 5.6 million. This meant a 29% drop in volume and a 50% drop in value. It is worth mentioning that the drop in the exported value of this product was due to the reduction in the sales price in the American country. The Brazil nut went from having an average ...
Source: Agraria
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