Brazil: Exploring international opportunities for black beans; IBRAFE directs efforts to Mexico

Last Friday, the first day was observed that signals a possible recovery in black bean prices in the Brazilian market. The expectation is that, if buyers enter the market, this will mark the beginning of a new appreciation cycle. However, if this does not happen immediately, it is likely to happen at some point before the next harvest. It is essential to highlight that there will be moments of price fluctuation, with buyers playing their role by purchasing products during periods of falling prices. On the other hand, producers tend to withdraw from the market in these circumstances. Prices reached the mark of R$330 in Minas Gerais and R$350 in Goiás, with varying deadlines, reaching an 8.5/9 rating. During the morning, there were sales with grades between 8/8.5, at lower prices. Some buyers expressed frustration at not being able to meet their quantity targets for both Pinto and Black Beans. As for the area allocated to growing black beans in the second harvest, it is clear that ...