Beans: Greater supply and proximity of the new harvest maintain pressure on prices in Brazil

In the last week of November, bean prices experienced a downturn due to an oversupply situation, as reported by Cepea researchers. This decrease in prices was attributed to favorable weather conditions for field work, which increased the production of beans, especially in the Itapeva region (SP). This, in turn, led to a more abundant supply of beans in the market. The price drops were observed across all markets and bean types monitored by Cepea, with the most significant decreases seen in carioca beans grades 8.0 to 8.5. The smallest price fluctuations were observed in type 1 black beans.