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Chinese Dry Bean Production Pegged at 195,000 MT

China’s dry bean production for 2019 is estimated at 195,000 metric tons, with supplies of 221,000 MT.
Both planting and harvest area for black beans in China has been significantly reduced due to a conversion to soybeans and low market prices. The planting and harvest area for dark red kidney beans increased 35 percent from the previous year due to high domestic demand and decreased planting and harvest area in 2018. Market demand for high-grade (also called canned grade) DRK has been high. More exporters are prepared to switch their export business to import.
 

Thrifty Thursday: Cheddar Waffle with Black Beans

This week, Megan Myrdal with the Northarvest Bean Growers Association shared a Cheddar and Cornmeal Waffle with Black Beans recipe on North Dakota Today. It’s both satisfying and delicious. At just $0.83 per serving, this recipe definitely won’t break the bank!

View the Thrifty Thursday Segment

Kick Off Your Summer with Black Bean Burgers

With fiber-rich, protein-packed beans as their base, there is a reason that Chili’s iconic black bean burger is listed as the “guiltless” option on their menu.
 
If you’re a fan of these tasty burgers, you can make them at home for a weekend barbecue or fast weeknight supper. This copycat recipe suggests frying the burgers in a small amount of vegetable oil, but you can also place the burgers in a grilling basket and cook them over the grill.
 

Dry Bean Scene

Vice President Mike Pence met with farmers in rural Glyndon, Minnesota. Dry beans were apart of the conversation, as Borup farmer Mark Harless had the opportunity to speak with Pence. Get the details in the Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.

Black Bean Prices in Brazil Pull Upward

Sao Paulo wholesale carioca bean prices in February were as high as $1,713 per metric ton, double the price in January. The price spike was due to reduced first crop production and weather‐induced crop damage.

Prices reported the first week of March at the Sao Paulo bolsinha were lower, carioca especial (above commercial grade) averaged $1,370/MT, but there is very limited availability. Consumers are reportedly buying second‐rate cariocas or switching to alternatives like black beans. Black bean prices were therefore pulled upward.

Sao Paulo wholesale prices climbed from $844/MT in January to $1,112/MT in February—the first of March average price was $870/MT. At the end of March, the first beans from the second harvest in southern states start to enter the market, but May is the peak.

Marcel Lüders, head of IBRAFE, notes that right now there are not enough beans to meet consumer demand. The U.S. Dry Bean Council ANUFOOD trade mission team is in Brazil this week and will give an update on the market outlook late next week.