USDBC’s Second Production Survey Shows Mexican Crop Decrease

October 18, 2018
Posted in: News

As reported previously, USDBC is projecting a decrease in Mexican bean production for Spring Summer cycle. Now that we have had a chance to re survey the plantings and harvest we can confirm our numbers, which differ significantly from official SIAP (Mexican Agri food agency) numbers. This is why it’s critical for us to send our agronomist out to survey the fields and see first-hand how the numbers match up. Our numbers show total production for the Spring Summer cycle will only reach 633 thousand MT, 33% less than SIAP’s programmed production. We can also then estimate that total production in the agricultural cycle (Winter/Fall) will be 976 thousand MT, 24% less than SIAP’s numbers. This number is also 14% less than average production in the last six years of 1.1 million MT and similar to the 983 thousand MT in the 2017 agricultural year. The lower numbers are due to a decrease in planting area and late and erratic rainfall. Production is down in all classes of beans with the exception of black beans which posted a small increase. The smaller production numbers together with the announcement of a new trade deal to replace NAFTA, the U.S., Mexico, Canada Agreement (USMCA), hint at a good year for the U.S. dry bean industry in Mexico. We look forward to continuing to cultivate and honor long standing partnerships with our Mexican customers. The full Second Survey report is available on our members only webpage.

Source: USDBC/CASSMA