Mexico Bean Production Numbers Continue DeclineNovember 22, 2019
According to our Mexican market intelligence, as of November, Mexican dry bean production estimates have continued to the decline as harvest is wrapping up. In Chihuahua, some lots were not even harvested due to frost that occurred at the end of October and first week of November. Pinto beans are practically sold out. Zacatecas is reportedly the most stable so far. Damage is still being assessed, and more cold fronts are expected during the remainder of November. Producers in Durango are trying to capitalize on the recent cold spells, demanding the government increase the price guarantee from 14,500 to 18,000 pesos / US$763.15 to US$947.36 per MT.
The fall/winter Bean planting intention forecast was just released. It notes that Sinaloa is planning on planting up to 90 thousand MT of Azufrado beans, switching from corn, due to the lower availability of irrigation water and in light of the current expected low Spring-Summer production. Sinaloa has actually started to plant beans and we will inform on the planting intention and progress as soon as information becomes available. No information on the planting intention for garbanzo beans has been released but it is expected that it will be reduced given the high inventories from the 2019 crop.Posted in: Bean Bulletin