Brazil: Bean harvest returns in São Paulo with favorable conditions

Published 2024년 10월 30일

Tridge summary

The bean market is currently experiencing a decrease in prices due to reduced demand and the anticipation of the harvest. The price of carioca beans in São Paulo has dropped by 4%, averaging at R$260.58, while in Goiás, beans of grade 8 have seen a 3.9% increase, priced at R$210.39. Buyers, including supermarket chains, are delaying their purchases in hopes of further price drops. This cautious approach has led to a slowdown in traditional purchases, sparking concerns about consumer behavior and the economy. The fluctuating demand is causing tension between packers and producers.

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

Original content

The bean market is showing calm behavior, with a downward trend unless new factors emerge that could influence negotiations throughout the week. This scenario reflects the caution of buyers, who have postponed their purchases in the expectation of more affordable prices. In São Paulo, according to data from CEPEA, the price of carioca beans, grade 9, fell 4%, with the current average fixed at R$260.58. This drop can be attributed to the decrease in demand and the expectation of the harvest. In Goiás, on the other hand, there was a 3.9% improvement in the prices of beans, grade 8, which are now quoted at R$210.39. This positive variation may indicate a specific local demand or adjustments in the market. Buyers, including supermarket chains, are adopting a conservative stance. There was no increase in traditional purchases from the beginning of the month, highlighting the uncertainty and the ...

Source: Portal Do Agronegocio