The Brazilian bean market shows price stability in November with low commercial movement

Published 2024년 12월 2일

Tridge summary

The Brazilian bean market remained stable in November with low trading activity due to adverse weather conditions impacting bean quality. Demand was higher for higher quality beans, while lower quality beans were sold at lower prices. States such as Minas Gerais and Goiás compensated for the limitations in the São Paulo region. The market remained stagnant with weak domestic demand and pressure from the approach of the new harvest. Improved weather in São Paulo is expected to increase harvest pace in the coming weeks, but quality concerns remain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Brazilian bean market remained stable throughout November, with prices without major variations and low trading activity. Adverse weather conditions, such as persistent rains, negatively impacted the quality of the beans, which in turn influenced the commercial dynamics, making the market more subdued. During the month, demand for better quality beans was more significant, with emphasis on lots rated 9 and 9.5, whose prices ranged from R$270.00 to R$290.00 per bag. On the other hand, commercial quality beans, with defects such as spots and sprouts, were less accepted in the market, being sold at lower prices, between R$140.00 and R$150.00 per bag. According to Gabriel Viana, an analyst at Safras & Mercado, persistent rains in southwest São Paulo represented one of the biggest challenges for producers, resulting in lots with poor color and defects, which reduced buyer interest. “In addition to delaying the harvest, the rains increased the risk of quality losses in the grains, ...

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