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