Brazilian lunch is cheaper: Carioca beans had a 28% drop in price

Published 2023년 6월 23일

Tridge summary

In the first half of 2023, the price of Carioca beans, a staple in Brazilian diets, dropped by 28%, with a 60kg bag now costing R$ 260.00 compared to R$ 365.00 in the second half of January. This price fluctuation is due to the third bean harvest, which started in April and will end in October, and accounts for 20% of the country's bean production. However, prices are expected to rise by the end of the year due to the quality of the grain. The bean market's instability has led to varying consumer prices across Brazil, and the adverse climate and disease incidents have impacted bean quality, despite the positive balance in harvest progress in several states.

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

Original content

Carioca beans, the most beloved on the Brazilian table, saw a 28% drop in the price of value 7 bags in the first half of 2023. According to data from the Brazilian Institute of Beans and Pulses (IBRAFE), a 60kg bag of grain was at R$ 365.00 for packers in the second half of January, and, in this same period of June, a bag costs R$ 260.00. According to information released by Efficienza, the third bean harvest began in April and will last until October. The winter crop, as it is known, corresponds to 20% of the national bean production and is generally the most productive crop, due to the high investments in services, inputs and technology. The tendency is for prices to increase by the end of the year, due to the quality of the grain. Director Fábio Pizzamiglio, one of the major problems during the second crop harvest was the rain. “When we talk about exports, as well as the price for the internal market, the rains in the first months of the year compromised the quality of the ...

Source: Agrolink