Brazilians only like one type of bean, and that makes it more expensive, says specialist

Published 2021년 12월 15일

Tridge summary

The article highlights a significant disparity between the projected rice and bean productions for Brazil's 2021/2022 harvest, with rice production expected to be 11.1 million tons and bean production, considering all legume crops, at 3.1 million tons. This gap is primarily due to the preference for the carioca bean, which accounts for over 60% of Brazil's bean production and consumption. This preference has led to a decrease in bean planting, resulting in higher prices for consumers and a more profitable crop for farmers by switching to soybeans and corn. Experts suggest diversifying bean consumption to increase supply, lower prices, and improve consumer purchasing power. Bean exports in Brazil reached a record R$ 1 billion this year, with 200 thousand tons sold. Despite a minor drop in bean prices in 2021, production costs have risen due to government subsidies and purchases for distributing food baskets, leading to an anticipated price increase in the next few months.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The combination of rice and beans is a Brazilian classic. The duo of grains has consolidated as the basis of food, but there is a disparity between the productions of one and the other projected for the 2021/2022 harvest. Statistics from the National Supply Company (Conab), released last week, pointed out that rice production should be 11.1 million tons and that of beans, considering the three legume crops, of 3.1 million tons. The difference between the volumes is mainly due to a cultural factor, the production and the majority consumption of a specific type of bean in Brazil: the carioca, the population's favorite. "More than 60% of the production and consumption of beans in Brazil is carioca beans, and this puts the farmer in a complicated situation: if it's missing, he has nowhere to buy [only Brazil produces the carioca] and when it's left over, he doesn't have to whoever sells," explained Marcelo Lüders, president of the Brazilian Institute of Beans and Pulses (Ibrafe). For ...
Source: Economia

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.