Brazil: It's time to take advantage of bean prices

According to the Brazilian Institute of Beans and Pulses (Ibrafe), the time has come for the producer to take advantage of the good prices of Carioca beans and for the packer to take advantage of the prices of Black beans. This is because more than 30 million Brazilians will receive R$ 28.35 billion from the anticipation made by the federal government within the government aid plan for the population to face the economic effects of the pandemic. “According to some researchers, of this total, about 30% will go to the consumption of basic products. These resources will be added to the salary payment period, which should lead the consumer to run to the supermarket as in the past, before it loses value in the face of inflation”, says Ibrafe. In this scenario, the demand for Carioca beans kept pace, with a good volume of business, when we take into account the little production. From R$330/340 in Paraná, beans of a lower standard or harvested in January, to a very rare product ...