News

Bean prices fall in July compared to June due to seasonal pressure in Brazil

Black Bean
Dried Pinto Bean
Brazil
Published Aug 9, 2022

Tridge summary

On the other hand, the average prices of carioca beans from Paraná closed the month of June in the range of R$ 320.54, compared to R$ 360.49 in the month of June, a decrease of about 12% in the average of quotations. For extra black beans, in July the average price closed at R$ 253.75, compared to R$ 259.57 in June, a decrease of 2%.

Original content

In relation to black beans from Rio Grande do Sul, the averages ended the month of July at around R$ 215.61, compared to R$ 253.27 in the month of June, representing a fall of approximately 17% on average. The market remains on hold, with the entry of the second harvest putting pressure on prices, with a seasonal decline, characteristic for the period. Producers are holding back the offer of the product, waiting for better conditions, but making deals from hand to mouth, due to the need for cash and fear of further declines. Buyers continue to test producers, with little interest in closing deals and awaiting further declines in the indicators. The expectation is for good demand from now on, with the entry of receipts in July and the payment of new ...
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