The Mexican government announced earlier this week it will auction roughly a quarter of the import permits available for use during the 2001 calendar year. The auction will take place March 19 and will cover 15,373,525 kilograms of U.S. origin and 461,175 kilograms of Canadian origin dry edible beans.
Companies have until the end of the year to bring the beans into the country.
This year's auctions are getting off to the start as last year. In February of 2000, the Mexican government auctioned permits covering around 19,000 MT of U.S. and 500 MT of Canadian origin merchandise. Subcribers get complete access to all articles on the STATpub website. Features include weekly updated price graphs, regularly updated supply-demand estimates, and other features. The information in this article is provided without any warranty of any kind whatsoever.