FEIJÃO/CEPEA: Bean Prices Fall at End of March Due to Retracted Demand
According to the CEPEA research center at the University of São Paulo, bean prices began to fall at the end of March after reaching significant highs mid-month. This decline was primarily driven by a contraction in buyer demand, as they struggled to pass on recent price increases to wholesale and retail sectors. Despite the late-month drop, the average price for March remained higher than February.
The CEPEA research center at the University of São Paulo reported that after experiencing significant gains and reaching record highs by mid-March, bean prices began to decline in the final weeks of the month. According to CEPEA researchers, the primary pressure came from a retraction in buyer demand. Purchasers indicated difficulties in passing on the recent appreciation of the grain's value to the wholesale and retail sectors.
Conversely, sellers showed increased interest in liquidating their inventories, taking advantage of current price levels which are still considered attractive. CEPEA researchers further noted that, despite the recent downward trend, the average price for March remained higher than February for carioca beans and practically stable for black beans.
Data from CEPEA/CNA indicates that for carioca beans graded 8 and 8.5, the average price in March… (The original content is incomplete here, translated based on available information).