USDA Vegetables and Pulses Outlook
June 29, 2012
For the 2011/2012 marketing year (September to August), USDA says dry edible bean grower prices are averaging more than a 60 percent increase over the previous year. Grower prices are expected to average a record $41.10 per hundredweight, up 47 percent from the previous year and nearly 19 percent above the previous record of $34.60 three years ago. The average grower price from September through May was $43, up 55 percent from the previous year. Total domestic use of dry beans was down 11 percent in 2011. Per capita use declined 12 percent. US dry bean exports fell eight percent last year; however, the US market share expanded to 38.5 percent, from 26 percent the previous year.