Carioca beans show signs of improvement, but black bean market remains stagnant in Brazil

Published 2024년 11월 25일

Tridge summary

The article reports an improvement in the carioca bean market, with price increases in the interior of São Paulo, reaching around R$275. In contrast, the black bean market sees low trading volumes and stable prices. The article also discusses the challenges of storing large quantities of carioca beans during the holiday season due to the risk of damage from a larger harvest expected in Minas Gerais and Paraná. The article also mentions adjustments in the carioca bean harvest estimates, from 608 thousand tons to 571 thousand tons for the current year, and a projected lower initial volume of 573 thousand tons for the 2024/25 harvest, which could lead to carioca bean availability issues in the short term.

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

Original content

The carioca bean market continues to show signs of improvement, with prices rising in the interior of São Paulo, as reported over the weekend. Transactions in the region were around R$275, with payments in cash or in up to 20 days. These values are above the R$258.75 recorded last Friday, according to the CEPEA/CNA index, in the Itapeva region. In the Northwest of Minas Gerais, average prices were R$239.00. The black bean market, on the other hand, continues to have low trading volumes. Last week, the CEPEA/CNA index showed an average of R$228.95 in the South of Paraná, a drop of 1.1% compared to the previous week. In Lucas do Rio Verde, prices remained stable, with a reference of R$262.00. Expectations for Carioca Beans in December and for the 2024/25 Harvest Regarding carioca beans, the month of December presents a traditional scenario, with demand restricted to existing retail stock. Typically, replenishments are avoided in the days leading up to holidays, as consumers' ...

Source: Portal Do Agronegocio