Brazil: Moderate demand and shortage of extra products in the bean market

Published 2024년 3월 25일

Tridge summary

This week, the Brazilian bean market saw a moderate increase in sales with a higher presence of buyers, yet prices remained stable due to resistance from buyers. The supply of carioca beans was limited, leading to unmet demand expectations, with high-quality beans fetching R$330.00 per bag. In the Cerealist Zone, white beans and black-eyed peas were priced at around R$400.00 and R$290.00 to R$320.00 per bag, respectively. On the international front, Argentine beans were quoted between US$800 and US$830 per ton FOB. Despite a stable black bean market, an increase in supply in certain areas led to a slight price decrease, with buyer caution resulting in stagnant negotiations.

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

Original content

During this week, there was a moderate increase in sales in the Brazilian bean market, with an improvement in the presence of buyers. However, prices remained stable and buyers showed some resistance in relation to the prices charged. Despite the increase in commercial activity, the supply of carioca beans remained limited, with demand still below expectations. Business rumors indicate a range of prices, with notable transactions involving high-quality beans, priced at R$330.00 per bag. In the Cerealist Zone, white beans are priced at around R$400.00 per bag, while black-eyed peas vary between R$290.00 and R$320.00 per bag, depending on the quality. On the international market, Argentine beans remain a reference point, with prices between US$800 and US$830 per ton FOB. The black bean market ...

Source: Portal Do Agronegocio