Why Are Brazil Nuts So Expensive

Video Why Brazil Nuts Are So Expensive Sometimes the prices of certain foods spike exponentially. For example, earlier this year it was ice lettuce, broccoli and bok choy in the UK, while in the US and Canada it was cauliflower and lettuce, and recently avocado prices have risen sharply. And it may be only a matter of time until we hear about wine prices from France and Italy rising due to poor grape harvests in 2017. % during mid-2017. Is this an example? different from the price fluctuations that consumers will have to get used to, or are Brazilian nuts a special case? Read: why are Brazil nuts so expensive

Factors affecting supply

Brazil nuts are harvested from Brazilian nut trees that grow only in specific locations in the Amazon rainforest in important production regions in Bolivia, Brazil and Peru. The industry in each country is different to a certain extent, but the basic principles of collection and production are very similar. Nuts are collected by groups of foragers from December to May, who go into the rainforest to collect coconuts (shells) containing the nuts that have fallen from the trees. The harvested nuts are then offered to middlemen who sell them. Read more: Why is my car smoking but not overheating? They are often found in remote locations, and require at least 12 years of growth before fruiting. Plants can be as little as 50 meters tall, and successful pollination depends on the specific type of bee. Quite simply, it is due to drought in the Amazon due to a cyclical El Niño weather pattern affecting the entire Pacific region. Lack of rainfall means coconuts fall off the tree earlier in the season, resulting in fewer and fewer kernels, which affects the supply of full-size nuts the market is looking for. In fact, the extent of the supply shortfall is that Brazil has become a net importer of Brazil’s nuts, which has only exacerbated the global scarcity of the nut, driving up prices.

Increasing consumer demand

While it is a compelling supply-side story to explain the recent price increase, it is not the only reason. The demand for nuts is also growing rapidly as they have attracted the attention of health conscious consumers. Nuts are required as part of a healthy diet and some have been considered “superfoods”. For example, Brazil nuts are an excellent source of selenium, which is good for the skin and can be consumed as part of a vegetarian and gluten-free diet, which would exclude other sources of selenium in whole grains or meats. The price of Brazil nuts remains relatively high, we could see manufacturers replacing the nuts with others in products that feature them – as is the case with the Eat Natural bar, the papers now state. refers to Brazil nut harvest failures and transient variations in ingredients. Are consumers willing to accept this type of substitution? Some producers have given advance notice of substituting other nuts for Brazils due to cost. Eat naturally

Is this a special case?

Read more: Why coolidge dislikes bureaucracy But in many cases the reasons for these price events are short-lived and nothing out of the ordinary for agricultural production. In the case of Brazil, the drought in the Amazon is another example of a supply-disrupting weather event that coincides with strong demand due to changing consumer preferences. The recent shortage of lettuce and lettuce has been forgotten by most people. The speed with which new supply can be grown and harvested determines how the market responds to demand. Similarly, Brazil’s nut supply could also grow significantly in 2018 if weather and growing conditions change back to baselines consistent with pre-El Niño. The FAO Food Price Index for 2014-2017, shows a gradual increase in prices in 2017. FAO If we look at food price indexes more generally, such as published indices, by the Food and Agriculture Organization of the United Nations, we can see that global commodity prices were in fact lower throughout 2017 than during 2007-2008, the prices of cereals and rice increased very rapidly. It has been suggested that the root of these price spikes is bad policy-making decisions, such as incentives to encourage the development of biofuels rather than crops. people, leading to undersupply and consequent spikes in prices during that period. of a currency has an impact on the cost of imports. This means that we need to be careful when making inferences about food prices based on one-off events, when overall food prices – when other factors are excluded – are in fact still relatively stable and low by historical standards. Read more: Why did the mystery betray Spider-Man

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