Variation in quality impacts bean prices in the Brazilian market

The Brazilian carioca bean market faced a week of low liquidity, characterized by weak demand and falling prices. According to Safras & Mercado analyst and consultant Evandro Oliveira, the lack of business was the result of a cautious stance adopted by buyers, who reacted to recent price declines. Even the best quality lots, such as standard 9.5, fell to R$270 per bag (sc), while standard 9 lots received orders of up to R$255/sc, but none were fulfilled. The supply of beans was concentrated mainly in Minas Gerais and São Paulo, with Goiás and Paraná making a smaller contribution. Beans from Goiás, valued for their low humidity, were the most sought after, while those recently harvested from Paraná were of lower quality. The greater availability of grains in Itapeva (SP) further pressured prices downward. In the middle of the week, supply was dominated by commercial beans with defects caused by the rains, which kept buyers away, even with the offer of discounts. Extra lots from ...