Statpub.com had some interesting posts on China’s dry bean sector over this past weekend.
While North America’s dry bean market grinds to an inevitable dead stop awaiting new crop deliveries, China’s market continues to percolate “…rushing into the future.”
Personal visits by Mr. Brian Clancey, the editor, to Chinese bean producing regions garnered the following insights: Japanese white bean production could plummet to 100,000 Mt. (down nearly 70%) while speckled kidneys – light and red – both of which can and sometimes do compete in the Cranberry bean market could see production increases. Increases ranging from 17 to 50%. Black bean production could rocket nearly 12 times to 200,000 Mt. up from a mere 17,000 the year before.
First hand visual inspection by the author of visited fields did not show the expected effects of a “bad start” to the crop. But rather “.. Plants looked to be in excellent condition.” And “… were flowering…”.
In one section of the op-ed Mr Clancey makes the following comments about the Chinese market as a source of dry beans: “The challenge facing the dry edible bean sector is making sure returns to growers stay high enough to retain interest. This is the identical challenge faced in Canada and the United States.”
China’s ability to swing production as dramatically as the figures above would indicate, plus their labour intensive ‘processing’ capabilities may give some importers using ‘just-in-time’ supply chain management techniques cause for pause. However it is interesting to note that as global demand for Corn and Soybeans continues to climb niche food crops such as dry beans, regardless of where in the world they are produced: North America, Southern Hemisphere or China, are experiencing the same pressures and will need to remain price competitive with other field crops to secure acres.