Brazil: November sees rise in lettuce and Arabica coffee prices in São Paulo

Published Dec 9, 2024

Tridge summary

November's weather conditions in São Paulo led to significant price fluctuations in agricultural products, as reported by Faesp's Producer Price Monitoring. Lettuce and Arabica coffee prices surged due to reduced availability and supply constraints, with lettuce prices increasing by up to 128.8% and Arabica coffee prices rising by 100.1% over the past year. In contrast, dwarf banana and lemon prices fell by 28.5% and 27.9% due to increased supply caused by weather conditions and smaller fruit size in the case of lemons. The report highlights the vulnerability of agricultural markets to climate and market conditions, with data sourced from Conab and Cepea-Esalq/USP.

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

Original content

November's weather conditions influenced the prices of important agricultural products in São Paulo, according to the Producer Price Monitoring report prepared by the Economic Department of the Agriculture and Livestock Federation of the State of São Paulo (Faesp). While leafy greens, such as lettuce, and Arabica coffee recorded significant increases, products such as dwarf bananas and lemons suffered sharp drops in their prices. The rains that hit the state in the first half of the month reduced the availability of lettuce, causing significant increases in prices. The curly variety saw an increase of 128.8%, while the American variety recorded an average increase of 95.1%. In the Arabica coffee market, November marked the highest real value in the historical series of the Center for Advanced Studies in Applied Economics (Cepea) since January 1998. The commodity has accumulated a 100.1% increase in the last 12 months, reflecting the supply restriction in the national market, since ...

Source: Portal Do Agronegocio