Brazil: Black bean appreciation reappears

Last week marked a phase of stability in carioca bean prices on the market, with scarce fluctuations in the various producing regions. In Goiás, transactions were around R$ 200 FOB farm, in the grade 8.5/9 category. In Minas Gerais, amounts reached up to R$225, with adjustable payment terms, depending on the variety and standard of the product. Although Mato Grosso is starting the harvest, the peak of production is only foreseen for the last week of August and throughout the month of September. There was an increase in the interest of buyers in relation to the new carioca bean, which will be harvested in September. The black bean market appreciated throughout the week, driven by limited supply and heated demand. In the border areas with Argentina, on the Brazilian side, prices experienced a significant increase, with some sporadic negotiations exceeding a certain value. The perspective is that prices remain resilient, considering the shortage of domestic supply and the challenges ...