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
Dry Beans Mexico | 2012/2013 | 2013/2014 | 2014/2015 | |||
MY Begin: Oct 2012 | MY Begin: Oct 2013 | MY Begin: Oct 2014 | ||||
USDA Official | New Post | USDA Official | New Post | USDA Official | New Post | |
Area Harvested | 0 | 1559 | 0 | 1801 | 0 | 1571 |
Beginning Stocks | 0 | 8 | 0 | 137 | 0 | 361 |
Production | 0 | 1063 | 0 | 1335 | 0 | 1155 |
MY Imports | 0 | 232 | 0 | 133 | 0 | 76 |
TY Imports | 0 | 232 | 0 | 133 | 0 | 76 |
TY Imp. from U.S. | 0 | 172 | 0 | 117 | 0 | 72 |
Total Supply | 0 | 1303 | 0 | 1605 | 0 | 1592 |
MY Exports | 0 | 16 | 0 | 31 | 0 | 67 |
TY Exports | 0 | 16 | 0 | 31 | 0 | 67 |
Feed and Residual | 0 | 0 | 0 | 0 | 0 | 0 |
FSI Consumption | 0 | 1150 | 0 | 1213 | 0 | 1227 |
Total Consumption | 0 | 1150 | 0 | 1213 | 0 | 1227 |
Ending Stocks | 0 | 137 | 0 | 361 | 0 | 298 |
Total Distribution | 0 | 1303 | 0 | 1605 | 0 | 1592 |
1000 HA, 1000 MT, MT/HA