Brazil closes historic bean and pulses deal with India

Published Feb 21, 2023

Tridge summary

The Brazilian Institute of Beans and Pulses (Ibrafe) has entered into a partnership with the Association of Pulses Importers of India to enhance food security in India. The collaboration will focus on sharing market intelligence, setting quality standards, promoting trade, and transferring technology. Both countries will share data on legume production and trade monthly. The partnership aims to increase Brazil's bean production to meet Indian demand, with the IPGA committing to purchase the Brazilian product within India. The partnership also plans to establish the FIAGRO – International Investment Fund in Pulses to bolster the pulses sector.

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

Original content

The Brazilian Institute of Beans and Pulses (Ibrafe) signed an Alliance for Food Security Brazil-India, with the support of the Brazilian embassy in that country, in the presence of agricultural attaché Ângelo Maurício and representatives of Brazil. “The document signed by us and by the president of IPGA, the Association of Pulses Importers of India, a country that annually imports more than 2 million tons, focuses on a first step in a continuous flow of information about the needs that will occur for Pulses in that country in advance”, says Ibrafe. “On the Brazilian side, what we can and are planting generates security in the commercial field of both countries. This paves the way for greater formality in contracts, making them enforceable by either party. About Carioca beans in the internal market, there is a lot of noise from speculators, but not so much in the field. There are deals going on, prices are improving, but the expectation of producers is that it would be more ...

Source: Agrolink