Beans, by Ibrafe: Contracts eliminate picks and guarantee unprecedented profit for Brazilian producers
Brazil
Published Feb 20, 2021
Tridge summary
Black beans remain around R $ 350 for type 1 and the difference in price for the lower types is getting smaller. This is due to the fact that beans with sprouts or without shine, passed in a dryer, have a much greater demand than supply. Packers have, in the second brand, in many cases, the possibility of earning a better margin than with the more expensive ones.
Original content
Looking now at the planting of the second harvest, producers, especially from Mato Grosso, responsible for at least 85% of the country's exports of Pulses and Special Harvest, have turned their attention to the opportunities that are opening up for beans planted under contract. Cowpeas, Tumucumaque and Nova Era beans, as well as mung and azuki fit into a planting window of about 65 days, with the option of pre-selling with the contracts eliminating the liquidity risk and, especially this year, the price risk. After all locked price is the guaranteed profit. There is also a great opportunity to have a contract for beans that are not widely planted in Mato Grosso, such as red beans, brindle and black, as is already the case in Goiás, São Paulo, Minas ...
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