Beans: High supply and proximity of the new harvest put pressure on prices in Brazil, says Cepea

Published 2024년 12월 2일

Tridge summary

Bean prices have been under pressure due to an oversupply and a favorable climate for field work, leading to increased availability of the product, especially in the Itapeva region. This has resulted in price drops across various bean types, with carioca beans experiencing the most significant decrease. The increase in supply and the approaching new harvest continue to put downward pressure on bean prices in the market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the last week of November, bean prices continued to be pressured by supply exceeding demand, as pointed out by Cepea researchers. The favorable climate for field work was an important factor in increasing the availability of the product, especially in the Itapeva region (SP). The price drops were widely observed in the main markets monitored by Cepea, affecting several types of beans. Type 1 black beans showed the smallest fluctuations, while carioca beans, with scores ...

Source: Portal Do Agronegocio