What is the price of beans per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka beans is between US$ 0.48 and US$ 2.16 per kilogram or between US$ 0.22 and US$ 0.98 per pound(lb). Click here to see today's exact prices of beans in Sri Lanka
The retail price range in Sri Lanka Rupee for beans is between LKR 147.37 and LKR 663.16 per kilogram or between LKR 66.83 and LKR 300.75 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka beans is between US$ 0.34 and US$ 1.51 per kilogram or between US$ 0.15 and US$ 0.68 per pound(lb).
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Sri Lanka Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beans from Sri Lanka over the last five years has been relatively stable. In 2017, the price was 1.45 US $ per kg, followed by 1.14 US $ per kg in 2019. In 2020, the price increased to 1.49 US $ per kg and further increased to 2.05 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Beans from Sri Lanka in 2023 will be around 2.20 US $ per kg and in 2024 will be around 2.35 US $ per kg.The Sri Lanka beans exports are categorised as:
- 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)
- Shelled or unshelled beans "Vigna spp., Phaseolus spp.", uncooked or cooked by steaming or by boiling in water, frozen (HS code 071022)
- Dried, shelled beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", whether or not skinned or split (HS code 071331)
- 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)
- Fresh or chilled beans "Vigna spp., Phaseolus spp.", shelled or unshelled (HS code 070820)
Sri Lanka Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beans into Sri Lanka over the last five years has been quite varied. In 2017, the price was $1.45, followed by a decrease to $1.14 in 2019. However, in 2020, the price increased to $1.49 and further increased to $2.05 in 2021. This indicates that the import price of Beans into Sri Lanka is on an upward trend. Based on this trend, it is predicted that the import price of Beans into Sri Lanka in 2023 will be around $2.30 and in 2024 will be around $2.55.Export values for Sri Lanka beans
The total values in export for beans in Sri Lanka were US$ 14,272, US$ 11,232, US$ 10,544 and US$ 7,296 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Pulses/Legumes category in Sri Lanka: Peas, Chickpeas, Red (Adzuki) Beans, Kidney Beans, Bambara beans, Cow Peas (Black Eyed Peas), Lentils, Pigeon Peas, Locust Beans & Black beans.
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Sri Lanka beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 2,688 tonnes of beans. Across 2019 alone, the interest in Sri Lanka beans (pulses/legumes category) has shrunk, with a change of -49.474 % compared to the year 2018. Between 2017 and 2019, beans' exports went down by -65.54% netting the exporter US$7.30m for the year 2019. Sri Lanka's beans exports are classified as:
- Fresh or chilled beans "Vigna spp., Phaseolus spp.", shelled or unshelled (HS code 070820)
- Dried, shelled broad beans "Vicia faba var. major" and horse beans "Vicia faba var. equina and Vicia faba var. minor", whether or not skinned or split (HS code 071350)
- Unshelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200559)
- Dried, shelled beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", whether or not skinned or split (HS code 071331)
- Shelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200551)
- Shelled or unshelled beans "Vigna spp., Phaseolus spp.", uncooked or cooked by steaming or by boiling in water, frozen (HS code 071022)
- Dried, shelled beans "Vigna and Phaseolus", whether or not skinned or split (excluding beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", small red "Adzuki" beans, kidney beans, Bambara beans and cow peas) (HS code 071339)
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Sri Lanka beans export values
In 2019, Sri Lanka supplied beans valued at 7.30m USD, a drop of -30.77% from 2018's total beans export of 10.544m USD. The annual reduction in value of Sri Lanka beans between 2017 to 2018 was -6.125 percent.
The annual/yearly change in the volume of Sri Lanka's beans exports between 2017 and 2019 was -65.54 pc in comparison to a variation of -49.474% in the period between 2018 and 2019.
Export markets for Sri Lanka beans ( in '000$ )
Sri Lanka's top export markets for beans are United Arab Emirates (UAE), Turkey, Saudi Arabia, Russia and Germany.
Sri Lanka bought 200,384 tonnes of beans in 2019.
Production
The production of beans in Sri Lanka was 2,008,496 tonnes in 2019 and is estimated to change by an average of -20.52%. The country had an estimated 330,764.00 hectares under beans cultivation.