Bean Markets Hold Steady in Brazil and UK Amid Comfortable Supply

Brazilian and UK bean prices are steady in mid‑April, with FOB values flat over the last week and no clear catalyst for a near‑term breakout. Comfortable stocks and only modest trade flow shifts are keeping markets range‑bound despite firm domestic demand.

Bean markets in both Brazil (BR) and Great Britain (GB) are entering late April in a broadly balanced configuration. Brazilian FOB values for key dry beans have been unchanged since early April, even as wider agribusiness exports remain strong and policymakers keep food inflation in focus. In the UK, pulses are supported by structural demand but capped by ample European and Black Sea supplies, leaving prices stable in euro terms. Weather patterns over the coming days look benign in Brasília and London, removing an important source of short‑term volatility.

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📈 Prices & Recent Moves

Origin	Product	Type	Delivery	Current price (EUR/kg, FOB)	WoW change
Brazil (Brasília)	Kidney beans	Dark red	FOB	≈ 1.28	0%
Brazil (Brasília)	Kidney beans	Brown eye	FOB	≈ 1.23	0%
Brazil (Brasília)	Alubia beans	White	FOB	≈ 1.23	0%
UK (London)	Kidney beans	White, 99%	FOB	≈ 1.22	0%
UK (London)	Fava beans	Sortex, small	FOB	≈ 1.06	0%
UK (London)	Beans dried	Split, 12 mm	FOB	≈ 1.45	0%

Note: USD prices converted to EUR using ≈0.94 EUR/USD for comparability; indicative only.

🌍 Supply & Demand Context (BR, GB)

Brazil

• Recent projections for 2025/26 indicate Brazilian dry bean production around 3.0 million tonnes, fractionally below the previous season, suggesting broadly stable domestic availability.
• Brazil remains a major global supplier of beans, with exports projected to keep growing into 2026, but current price signals still favour serving the domestic food market over aggressive export expansion.
• Overall agribusiness exports are at record levels, but focus is on soy, beef and coffee; beans benefit indirectly from robust logistics yet are not facing the same export‑driven tightness.

United Kingdom

• UK pulse markets (notably fava and peas) have seen firm but stable prices, with domestic demand underpinned by plant‑based consumption but capped by competition from continental Europe and Black Sea origins.
• Stocks into the 2026 crop year are expected to be adequate, keeping pressure on values and limiting upside in the absence of a major weather or logistics shock.

📊 Fundamentals & Policy Drivers

• Brazilian food price policy: National food security discussions have recently included rice and beans, with measures such as tariff adjustments or targeted support aiming to prevent sharp domestic price spikes. This policy backdrop discourages aggressive price increases in the short term.
• Competing crops and land use: Soybeans and other export crops remain highly profitable, but current forecasts still see only marginal contraction in bean area, implying neither a severe shortage nor a big surplus for 2025/26.
• Global pulse balance: International pulse supplies are comfortable, with no major recent disruptions, which limits import demand shocks for Brazilian or UK beans over the coming weeks.

🌦️ Short-Term Weather Outlook (BR, GB)

• Brasília (Brazil): Forecasts for the coming days point to seasonally typical conditions for the end of the wet season, with showers tapering off and no extreme heat or flooding expected in key producing states around the Center‑West. (Based on blended regional ag‑weather model outputs up to April 22, 2026.)
• London / GB pulse belt: UK models indicate a mix of mild temperatures and passing showers for southern and eastern England over the next few days, favourable for early‑season fieldwork and not threatening to existing winter crops.

Given these patterns, weather is currently a neutral factor for bean prices in both regions.

📆 3-Day Price Outlook (Direction, EUR)

• Brazil – Brasília FOB beans (all types): Sideways in a tight band (±1–2%) with domestic buyers and sellers well balanced and no new weather or policy trigger in sight.
• UK – London FOB pulses (fava, broad, dried beans): Sideways; comfortable stocks and competitive European offers keep a lid on any short‑term rally.

📌 Trading Outlook

• Brazilian sellers: Consider staggered sales at current flat prices; policy focus on food staples argues against meaningful near‑term upside, while downside is cushioned by solid domestic demand.
• Brazilian buyers: Use the current lull to secure nearby physical coverage; the main risk is medium‑term if competing crops further squeeze bean area in the next planting cycle.
• UK traders & importers: Maintain flexible positions; look for any short‑lived dips driven by currency moves or Black Sea offers to lock in supply, as structural demand for pulses remains firm.

Across both BR and GB, the base case for the next three days is a continuation of the current sideways pattern, with monitoring focused on policy announcements in Brazil and early‑season weather in the UK.

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