Beans: Greater supply and lower quality keep prices falling in Brazil

The bean market is experiencing downward pressure due to increased supply and quality issues caused by excessive rainfall in several production areas. In the short term, the market is expected to keep prices low due to the continuity of harvests and the availability of lower-grade beans. However, high-quality beans are still in demand, especially in regions with good storage facilities. The market is currently in a wait-and-see mode, with negotiations being conducted as needed. The return of increased consumption in early 2025 is expected to help balance prices. As of December 15, 63.8% of the area designated for the first bean crop has been sown, and 7.7% has been harvested. The estimated production for the 2024/25 season suggests a increase in supply in the coming months.