Costa Rica: Poor Bean Harvest Creates Opportunities for US Exporters
The local bean crop is expected to decline 38 percent this year as a result of negative weather patterns. Costa Rica normally imports about 70 percent of its total bean consumption estimated at roughly 50,000 MT per year. The Costa Rican government is expected to expand the previously issued tariff rate quota (TRQ) at zero duty of 9,432 MT by at least an additional 5,139 MT to make up for the shortfall. This provides an excellent opportunity for U.S. bean exporters to enlarge their market share in the country.