This year the beans may have a clear upward trend in prices as all the warehouses are empty

Published 2020년 9월 2일

Tridge summary

The bean campaign has started in the province of León, Spain, with prices set to increase due to empty warehouses and a scarce Argentine harvest caused by drought. Spain, the country's main bean producer, consumed about 70,000 tons of beans annually, half of which is imported, primarily from Argentina. The availability of Pinta beans, a staple in Argentina, is particularly low with small sizes and empty warehouses. As a result, prices have surged to around 1.4-1.5 dollars per kg. Additionally, prices for barley, oats, and corn have also increased, mirroring trends in the wholesale markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The bean campaign has begun in the province of León, the main producer at the national level with more than 60% of the total of this legume and everything seems to indicate a clear upward trend in prices compared to last season. Two factors are decisively influencing this perception. On the one hand, we started a new campaign without stocks from the past and therefore with empty warehouses, saying that legumes were the product that increased its sales the most during the confinement days of March and the dates following the same with 335% , well above rice and pasta with 259% and cellulose for the home (toilet paper) with 170%. In second place, the Argentine harvest has been very scarce with losses of around 30% due to the drought. As reported by the Legume Chamber of the Argentine Republic (CLERA), in Pinta beans, the yields are well below the average, with very small sizes and they also have empty warehouses since there are no available lots of this bean for sale in the markets. ...

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