Bean Market Heats Up with Reduced Supply

With information from the Brazilian Institute of Beans and Pulses (IBRAFE), the bean market in Paraná has recorded an expressive appreciation in recent weeks. The carioca bean harvest is in its final stretch, which has significantly reduced market supply. As a result, buyers are willing to pay up to R$ 280 per sack of type 8.5/9, with specific deals already surpassing this value, driven especially by the scarcity of high-quality grains. "With the bean harvest in Paraná entering its final stretch, prices have begun to reflect the lower available supply in the market. For type 8.5/9 carioca beans, there is a growing number of buyers willing to pay up to R$ 280/sack, and occasionally deals are already exceeding this range. The scarcity of high-quality product has been the driving force behind this appreciation," the source comments. In the black bean segment, the week was marked by significant oscillation in both lot quality and practiced prices. Negotiations ranged between R$ 120 ...