THE BIG PICTURE
is imperative to incentivize the export of black beans and other surplus varieties," adding that bean exports could "generate additional revenue for producers and a country's economy, fostering sectoral development and facilitating income diversification." And this is exactly what happened – in 2024, Brazil's exports exceeded imports for the very first time. When Eduardo Balestreri of Arbaza spoke to the GPC in December, he talked of the "historic milestone" of reaching 78 KMT of black bean exports , turning the country into a net exporter. "Record high prices of up to $1150/MT in January/February 2023, led to the largest second harvest planting area in recent history," explained Balestreri. The uptick in exported Brazilian beans was noted by traders elsewhere. Dylan Karley – a North Dakotan black bean trader – told
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