Brazil: High supply and poor quality impact bean prices

Published 2024년 12월 23일

Tridge summary

The bean market is currently facing a downturn due to increased supply and quality issues caused by excessive rainfall in producing regions. Researchers predict that prices will continue to decline in the short term due to ongoing harvests and the availability of lower-grade beans. Despite high-quality lots being scarce and valuable, the general trend is one of waiting and seeing. The market is hoping for a boost in consumption in early 2025 to stabilize prices. As of December 15, 63.8% of the area for the first bean crop had been sown, and 7.7% of production had been harvested, with an expected increase in supply in the coming months.

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

Original content

The bean market continues to face challenges, pressured by increased supply and compromised quality in several producing regions. Excessive rainfall has damaged the grains, worsening the situation. According to researchers at the Center for Advanced Studies in Applied Economics (Cepea), the continuation of harvests and the greater availability of lower-grade beans should keep prices falling in the short term. Although high-quality lots remain scarce and highly valued, especially in regions with good storage infrastructure, the general scenario is one of wait-and-see. Negotiations are being carried out on an ad hoc basis, while the market awaits an upturn in consumption in early 2025, which could help stabilize prices, especially in higher-quality categories. In the field, the National Supply Company (Conab) reported that, as of December ...

Source: Portal Do Agronegocio