Mexico. Dry Beans Update. Jan 2015 March 9, 2015

Production

The Post dry beans harvested area and production estimates for MY 2014/15 (January to December) have been revised slightly downward, reflecting the latest Mexican government official data published by SAGARPA. Official sources stated that the planted area in the 2014/15 fall/winter crop cycle was slightly lower than initially expected, as a result of the bearish domestic dry bean market outlook, mainly in the states of Chiapas and Nayarit.

Trade:

The import estimate for MY 2014/15 has been revised downward based on the data from SAGARPA and General Customs Directorate of the Secretariat of Finance (SHCP) for first eleven months of CY 2014. Similarly, the Post/New dry bean export estimate for MY2014/15 has been revised downward from our previous estimate to 67,000 MT, based on preliminary official data from SAGARPA and SHCP covering the first eleven months of the CY 2014.

Stocks:

The ending stocks estimate for MY 2014/15 has been decreased slightly to 298,000 MT because of lower than expected domestic production.

Mexico, Dry Beans Production, Supply and Demand for MY2012/13 to MY2014/15

1000 HA, 1000 MT, MT/HA