MUMBAI (Commoditiescontrol) - Canada is estimated to produce 10 percent lower of dry bean to 249,000 tonnes. This includes 72,000 tonnes of white pea bean types and 176,000 tonnes of colored bean types, Agriculture and Agri-Food Canada (AAFC) said in monthly report. Production in Ontario decreased sharply, mostly due to a fall in yields for both bean types. In Manitoba, production also fell for both types.
Supply is forecast to fall by only 8 percent, due to large carry-in stocks. Exports are forecast to be similar to slightly higher than last year. As of August and September, the EU-27 and the US are the top two markets, with smaller volumes exported to Japan and countries in Africa. Carry-out stocks are also expected to decrease. The average Canadian dry bean price is forecast to fall due to the larger North American supply.
US area seeded to dry beans is forecast by the USDA to increase marginally to over 1.5 mln acres, mostly due to larger area seeded in Minnesota. US total dry bean production (excluding chickpeas) is forecast by the USDA to decrease to nearly 1.2 Mt, down marginally from 2014-15. The largest increases are expected to come from the black and kidney bean classes. US export markets continue to be Canada, EU-27 and Mexico.
(By Commoditiescontrol Bureau; +91-22-40015533)
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