An impasse between producers and packers reduces movement in the Brazilian carioca bean market

Published 2024년 10월 23일

Tridge summary

The carioca bean market is currently stagnant due to a standoff between producers and buyers, with sales significantly decreasing in states such as São Paulo, Mato Grosso, and Bahia. Buyers are proposing prices between R$280 and R$290 for freshly harvested beans, but producers are taking a wait-and-see approach, unwilling to sell until more favorable supply conditions present themselves. The potential for rainy weather affecting harvests is also contributing to the market's uncertainty. Meanwhile, exporters are showing interest in fixed-price production contracts for various bean types, which could provide producers with a secure market and financial security.

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

Original content

The carioca bean market saw little activity in negotiations held yesterday, due to a persistent impasse between producers and buyers. The situation, observed in several regions of the country, such as the interior of São Paulo, Mato Grosso and Bahia, resulted in a significant slowdown in sales. In the state of São Paulo, buyers showed interest in purchasing bags of freshly harvested beans, offering prices between R$280 and R$290. However, producers, in general, preferred to adopt a cautious stance, opting to wait for better supply conditions before closing new deals. The forecast of rain for this week, which could interfere with the harvest, contributes to the hesitation in the market. This scenario may end up favoring the validation of some sales with prices above the current proposals, as the weather conditions make the harvest process more challenging. The same impasse was observed in states such as Mato Grosso and Bahia, where producers of 8/8.5-rated beans have shown ...

Source: Portal Do Agronegocio