Mexican Bean Planting Wraps Up, Lower Production Expected
September 19, 2018
Lack of rain during the month of July resulted in incomplete planting of total programmed bean acres with plant stress noted in Chihuahua, Durango, San Luis Potosi, and Zacatecas. We estimate that only 79% of the government’s (SAGARPA) planting was completed. We also estimate that total spring summer bean cycle production will be around 255,000 lower than the 955,000 MT programmed by the Government. The biggest reduction in bean hectares was noted in the state of Chihuahua, about 40% less than last year with reduction also noted in Guanajuato and San Luis Potosi.
Source: US Dry Bean Council Planting Report
USDBC’s production estimates traditionally show a variance from official numbers which are indicating a much higher production level for the season, of 955 TMT and 1.29 MMT for the year. USDBC’s final production estimates will be issued later this month after we complete the re-survey. There are many factors that we still need to determine the final impact of the Mexican bean production outlook including the quality of the new crop, U.S. market dynamics, and prices to the consumer. We expect to finalize our outlook in our next report. You can find the full planting survey on our members’ only website. This includes the geo referenced satellite images cataloguing plant development.