Minor Gain in NAFTA Bean Supply
VANCOUVER - Oct 10/14 - SNS -- Bigger dry edible bean crops in the United States and Canada have pushed available supplies of dry edible beans for the coming season above the recent average for the continent.
In its latest crop report the USDA pegged bean output in the United States at 1.317 million metric tons (MT), while Statistics Canada had pegged Canadian output at 300,500 MT last month. By contrast, dry bean production in Mexico is expected to be down for the coming season, dropping 10% to 1.2 million MT.
Combined production across the North American Free Trade Agreement (NAFTA) region is up 6% over last year at a forecast 2.817 million MT. Carry-in stocks from the previous marketing year are down from last year, with the result the increase in the available supply of beans is only 1% at 2.93 million MT.
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