Global black bean production keeping up with demand

Published 2021년 6월 7일

Tridge summary

The global production of world black beans is projected to increase by 15% in the 2021-22 crop year, reaching 1.4 million tonnes, as per Caleb Sundblad, dry bean markets manager with Cooperative Elevator Co. However, consumption is also expected to rise by 10% to the same volume, leading to tight supplies. North American production is anticipated to decline dramatically, but increases are expected in other regions like South America. Brazil, the world's largest producer and consumer, may see a decrease in consumption due to high prices. China has recently withdrawn from the black bean market, creating new opportunities for Argentina and the U.S., which are expanding their markets in Central America and Cuba.

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Original content

World black bean production is expected to rise in 2021-22 but so will consumption, resulting in another year of tight supplies, according to an analyst. Caleb Sundblad, dry bean markets manager with Cooperative Elevator Co. in the United States, is forecasting 1.4 million tonnes of production, a 15 percent increase over last year. Global consumption of the crop will also be 1.4 million tonnes, a 10 percent increase, resulting in 239,420 tonnes of carryout. North American production is expected to fall dramatically but it will rise in other regions of the world like South America, he told delegates attending the Global Pulse Confederation’s Pulses 2.1 virtual conference. Production in the U.S. is forecast at 242,390 tonnes, a 23 percent drop as growers in the Northern Plains chose to plant corn and soybeans instead. Demand is expected to retreat to 2019-20 levels after a stellar 2020-21 brought on by consumers stocking their cupboards during the COVID pandemic. Sundblad noted that ...

Source: The Western Producer