FEIJÃO/CEPEA: Weak Demand Pressures Prices

According to the University of São Paulo's research center (CEPEA), bean prices are under downward pressure due to persistently weak market demand. Although prices have fallen in some regions due to harvest progress or producers' need for cash flow, the average prices for March remain above February's. Market participants are well-stocked, leading to a slow pace of replenishment.

The University of São Paulo's research center (CEPEA) reports that the bean market continues to experience weakened demand. Industry agents consulted by CEPEA indicate that their inventories are well-stocked. Consequently, the limited pace of replenishment led to further price drops for beans last week, a trend observed in most markets monitored by CEPEA. It is worth noting that, despite recent declines, the average prices for March (up to the 19th) still remain above those of February. For Carioca beans of grade 9 or higher, CEPEA's surveys show that prices also retreated due to the advancement of the harvest in the southern region of the country. In other markets, producers' need to 'generate cash flow' reinforced the devaluation. As for Carioca beans of grades 8 and 8.5, the darkening of the grains...