The Brazilian bean market maintains its focus on crop quality with stable prices

Published 2024년 12월 13일

Tridge summary

The carioca and black bean markets in Brazil are going through a stable period with low market activity and interest, particularly for commercial beans due to reduced demand. Extra beans are in high demand but are scarce, leading to varied prices. Weather conditions in Paraná are affecting bean quality, and there is concern about potential reclassification and lower prices for some lots. The market is gradually replenishing stocks, with retail prices remaining stable and a conservative buying approach by companies due to limited supply and weather uncertainties. Despite the high dollar favoring exports, the impact of rain on quality and export volumes could limit this trend in the short term.

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

Original content

The carioca bean market in Brazil showed typical behavior of a transition between harvests this week, with stable prices, selective purchases and low interest in commercial beans. According to Evandro Oliveira, analyst and consultant at Safras & Mercado, the current supply is predominantly made up of commercial beans, which are facing reduced demand. "Demand is concentrated on extra beans, which remain scarce and are being traded between R$260.00 and R$275.00 per bag, depending on the quality. The supply of lower quality commercial beans is putting pressure on prices and reducing buyer interest," explained Oliveira. In Paraná, weather conditions have also impacted the quality of products. Although recent rains have favored crop development, there are concerns about the quality of the beans if the rains persist. Some lots are already being reclassified and sold at lower prices. "With the peak of the harvest expected in January, new volumes of beans are expected to put pressure on ...

Source: Portal Do Agronegocio