Common Bean supply will be under pressure in Brazil for a few more months
Dried Common Bean
Brazil
Market & Price Trends
Innovation & Technology
Rene Barreto
Published Nov 20, 2020
Common beans are produced almost year-round in Brazil, with a peak occurring between December and July. The period from August to October is marked by the third harvest, which accounts for only 14% of national output. It is the period when the buffer stocks decrease and Brazil has to import relevant volumes from Argentina. Despite being one of the world's largest producers of beans, Brazil is also one of the largest consumers. The first season harvesting starts in the month of November, in the state of Sao Paulo, should be the month that marks the end of the off-season in Brazil.
This year however, the assumption is not quite right. In addition to not having a very relevant production at the national level, the state of São Paulo is facing delays caused by drought. Production that hits the market in the coming weeks will most likely not ease pressure on supply. Even in December when Brazil's largest producing state Parana begins harvest, pressure on supply still won't ease up. Experts say prices are expected to continue rising until the end of March, when the country normally faces a period of overlap between the first and second crop.
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