Bean market in Brazil: Moderate business with firm prices and attention to weather

The carioca bean market has been hesitant over the past week, reflecting a combination of low demand and limited supply. According to Safras & Mercado analyst and consultant Evandro Oliveira, despite the constant presence of buyers, the volume of business fell short of expectations, with transactions concentrated mainly in commercial quality beans. Oliveira noted that negotiations focused on grade 8 beans, such as the Sabiá cultivars, traded at R$210 per bag, and Dama, at R$230 per bag. “Beans of higher quality, such as those of grade 9.5, reached prices of up to R$290 per bag on Monday, but no deals were closed at that level,” he commented. The caution of brokers was also evident, with smaller volumes being offered and shipments being made gradually to avoid abrupt price drops. “Sellers have adopted a wait-and-see attitude, refusing offers in the range of R$250 per bag, largely due to increased production costs,” explained Oliveira. Some isolated sales at R$260 per bag have been ...