Export market prices for Jamaica beans

The prices of beans have increased. Prior to 2019, one kilo of beans was going for US$2.24 in 2017 and US$2.09 in 2018. In 2019 the export price changed to $2.26 per kilo, by 7.933%.

Some of the best performing markets in 2019 for Jamaica beans for each kilogram were from exports to Canada, US and Haiti. The beans exports from Jamaica are categorised as:

  • Fresh or chilled beans "Vigna spp., Phaseolus spp.", shelled or unshelled (HS code 070820)
  • Dried, shelled beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", whether or not skinned or split (HS code 071331)
  • Shelled or unshelled beans "Vigna spp., Phaseolus spp.", uncooked or cooked by steaming or by boiling in water, frozen (HS code 071022)
  • Shelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200551)
  • Dried, shelled broad beans "Vicia faba var. major" and horse beans "Vicia faba var. equina and Vicia faba var. minor", whether or not skinned or split (HS code 071350)
  • Unshelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200559)
  • Dried, shelled beans "Vigna and Phaseolus", whether or not skinned or split (excluding beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", small red "Adzuki" beans, kidney beans, Bambara beans and cow peas) (HS code 071339)

Export values for Jamaica beans

The total values in export for beans in Jamaica were US$ 4,032, US$ 4,864, US$ 5,088 and US$ 4,480 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.

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Producer prices

The producer prices of beans have changed across major beans production regions in Jamaica. One kg of Jamaica Beans is around USD 569.13 in Kingston and Montego Bay, packed and ready for export. The price in JMD currency is 3.7278015.

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The prices of beans in Jamaica per tonne for the years 2016, 2017, 2018 and 2019 were US$ 1,800.00, US$ 2,235.29, US$ 2,092.11 and US$ 2,258.06 respectively.

The total values in export for beans in Jamaica were US$ 4,032, US$ 4,864, US$ 5,088 and US$ 4,480 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.

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Jamaica beans wholesale price

In 2021, the approximate price range for Jamaica Beans is between US$ 2.26 and US$ 2.09 per kilogram or between US$ 1.03 and US$ 0.95 per pound(lb).

The price in Jamaican Dollar is JMD 344.74 per kg. The average price for a tonne is US$ 2258.06 in Montego Bay and Kingston.

Jamaica's import price for beans in 2019 was US$0.96 per kilogram.