Mexico Helps Cover 2012 Crop Storage Costs
WASHINGTON - May 2/13 - SNS -- The Mexican government will help bean grower organizations pay for the cost of storing beans grown during the 2012 spring/summer production cycle.
Mexico's Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA) reckons output was double 2011 at an estimated 780,000 metric tons (MT).
The program covers black and pinto beans stored in warehouses from the states of Chihuahua, Durango and Zacatecas.
The announcement states that as a result of the high production levels in these three states, movement of the harvested legume seasonal surplus to proper storage and commercial markets become much less efficient and considered a main contributor to the drop in farm gate prices. To compensate growers for seasonal low market prices, SAGARPA is supporting dry bean grower organizations for up to 1,500 pesos per ton (approximately US$118 per ton) provided certain conditions are met as outlined in the announcement.
The program covers beans stockpiled in enabled storages in the period November 15, 2012 to March 31, 2013 for Chihuahua's dry beans, and December 15, 2012 to April 15, 2013 for Durango and Zacatecas' dry beans. The new support has a production limit of 50,000 metric tons (MT) for black beans and 50,000 MT for pinto beans.
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