THE BIG PICTURE
are cautiously promising."This year looks a lot better," says Vicente Mendoza, "but that's not to say we're expecting a huge volume of beans – I'd still place this harvest somewhere below average. Estimates suggest somewhere between 500-550 thousand tonnes in total." Parts of the U.S. black and pinto bean crop have been pre-bought. Sam Peck, Sales Manager at Jack’s Bean, explains: "All of the big guys in Mexico have bought black and pinto beans – a lot was purchased in February.” As such, Peck thinks it unlikely we'll see large southward sales of U.S. beans between now and the harvest: "Everybody's got contracts to ship against, so anything bought now probably wouldn't get shipped until November – there wouldn’t be much point! I don't see Mexico putting any real pressure on our market until maybe early second quarter next year." USDA numbers suggest Mexico was bringing
Made with FlippingBook - Online magazine maker