News

Bean costs rose 62% in Brazil

Dried Pinto Bean
Brazil
Published Jul 23, 2022

Tridge summary

The costs of beans in Brazil registered an increase of approximately 62%, while the price rose 32%, according to the Brazilian Institute of Beans and Pulses (Ibrafe). “Producers continue to resist, in some cases, in differences considered small, because, yesterday, the deals were not closed for a difference of R$ 10 per bag”, he comments.

Original content

“Talking to an irrigating producer, he explained that this year's costs, compared to last year, rose from R$8,000 to R$13,000, which would give something around 62%. Therefore, selling Feijão-carioca for R$ 340 in Minas Gerais does not reflect the entire difference in the increase in costs. In dollars, this equates to a 32% increase. The average for the month of July last year was US$ 49.83 and this year, yesterday, it was equivalent to US$ 65.38. What weighs against the indisputable mathematics is the economy, the environment in general, to speak of price increases”, he adds. In this context, there are brands that prefer to work with commercial beans rather than correct the price. “That's why there's a shortage of beans 7/7.5. We cannot forget the price increases in the rest of the productive chain outside the gates. Packers also report that packaging has gone up a lot and freight is having a strong impact. Can working better with ...
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