World trade likely to rise in 2002
October 25, 2002
By John Parker, Market Analyst
The quantity of edible beans entering world trade may rise to a peak level in 2002, possibly beyond 3.6 million metric tons. The average price for exports is likely to ease in late 2002 from high prices prevailing earlier. Yet, rising imports into South Asia and the Middle East may cause the value for world trade in edible beans to remain near $1.6 billion.
Prices for edible beans entering world trade should remain attractive even in late 2002, compared with low prices in early 2001.
Farmers in Canada are expected to boost production by about a third in 2002, mostly for the favorable export market. It appears that a substantial rebound for U.S. edible bean production is likely.
Strong demand for imported edible beans in Asia, the Middle East, and Africa is likely to account for most of the growth in edible beans entering world trade in 2002.
For more information, see the full article by Parker.