Bean market: Limited supply boosts black bean prices while carioca maintains stability

The Brazilian carioca bean market started June with good supply, especially an extra load of slow browning, grade 9.5, coming from the south of Minas Gerais. As Evandro Oliveira, analyst and consultant at Safras & Mercado, explains, the majority of offers originate in Paraná, followed by Minas Gerais. "The expectation is that the market will remain firm, with possible occasional adjustments in prices, depending on the quality of the grains and buyer demand," said Oliveira. Throughout the week, around 28 thousand bags of carioca beans were offered, of which at least 7 thousand were sold. The presence of buyers, however, has been scarce, and the supply of lots of extra grade 9.5 carioca beans is limited. According to the consultant, supply at sources is low and negotiations are hampered by the difference between the value desired by buyers and the target price of producers. Climatic setbacks and specific pests have impacted the production of the second harvest. Even so, supply ...