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

Published 2024년 12월 23일

Tridge summary

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.

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

Original content

The bean market remained under pressure due to the growing supply and compromised quality in several producing regions – excessive rainfall has damaged the grain. Cepea researchers indicate that, in the short term, the continuity of harvests and the greater availability of lower-grade beans should keep prices weak. However, high-quality lots remain scarce and valued, especially in regions with storage infrastructure. Overall, at the end of this year, Cepea researchers report that the market remains in a wait-and-see mode, with negotiations being carried out on an ad hoc basis. The return of more heated consumption in early 2025 may help balance prices, especially for higher-grade beans. In the field, Conab ...

Source: NoticiasAgricolas