Looking Ahead to Mexico’s 2020 Planting Season

It is still early and dry bean planting season in Mexico has not begun, once it does we will cover it in detail as always. In the meantime, a few considerations reported from our Mexico City office as we prepare to determine the supply demand equation in the year ahead. According to market intelligence in Mexico, there are no real changes to planting surface for dry beans. This despite efforts to achieve greater self sufficiency through the “Beans for Mexico” program. Based on information from the Mexican Agricultural Agency (SADER/SIAP), total planting intention for the upcoming cycle is 1.47 million hectares, almost the same as last year. Retail bean prices have been very high as people are stocking up during the pandemic which is a change from the downward trend we’ve been noting in consumption of beans. The dollar peso exchange rate is up 26% to 24 pesos to the dollar. We will continue to report.