Brazil: Black bean prices rose in August, while pinto beans show stagnation

In August, the carioca bean market faced stagnation, with relatively stable prices and low turnover. According to Evandro Oliveira, analyst and consultant at Safras & Mercado, the lack of effective negotiations and the retraction of producers contributed to this stability, with many keeping their prices high in the expectation of better market conditions. Oliveira predicts that, with the end of the third crop harvest and the consequent reduction in supply, prices may begin to rise gradually in September. The expectation is that constant or increasing demand, combined with limited supply, will drive an appreciation that may last until the end of the year. Demand may also improve at the beginning of the month, driven by the payment of salaries and receipt of federal aid, which may accelerate the recovery of carioca bean prices. While carioca beans face stagnation, black beans saw a sharp rise in prices due to the shortage of supply. Beans imported from Argentina began to be offered ...