THE BIG PICTURE
the GPC in September that in 2024 he had seen “ the most Argentinian and Brazilian beans ever ” in Mexican warehouses. Export numbers remained strong throughout the 2023/2024 market year, even in spite of floods causing massive crop loss in Rio Grande do Sul back in late spring – Balestreri believes this wiped out 70% of its planted black beans. For now, the margin by which bean exports exceed imports is a thin one, but the movement is clear and production and exports will accumulate over time if they remain profitable. But it is not just in black beans where Brazil is moving into uncharted territory – other pulses and trade partnerships are pushing forward at pace. Tapping new markets New markets for Brazilian pulses are opening up. As south and east Asia look to
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