Brazil Vegetables insights

Exports from Bahia reached a new all-time high in October 2024, totaling US$1.14 billion, an increase of 4.5% compared to the same month of the previous year. In contrast, Brazilian exports registered a drop of 0.74% in the period, according to an analysis by the Superintendence of Economic and Social Studies of Bahia (SEI), based on data from the Foreign Trade Secretariat of the MDIC.

Sugarcane crushing in the second half of October was 27.17 million tons compared to 34.66 million in the 2023/2024 harvest.

Research by the Hortifrúti/Cepea team shows that tomato prices continue to fall, reflecting the high supply due to high productivity in the winter harvest, which is still being harvested. Last week, the box of 3A salad tomatoes in the wholesale market in São Paulo (SP) closed at an average of R$56, a 16.4% drop compared to the previous period. In Belo Horizonte (MG), the drop was 10.1%, to R$49/box; in Campinas (SP), prices closed at around R$66/box, a 3.5% drop, and in Rio de Janeiro (RJ), at R$47/box (-12.6%). According to researchers from Hortifrúti/Cepea, the rains recorded in the producing regions of São Paulo and Minas Gerais made harvesting a little difficult last week, but supply remained high. In addition, due to the rainfall, there was a loss of quality, with spots appearing on the fruits, further reducing their shelf life.