March 26, 2026
After turbulent years of supply swings, climate catastrophes, and rock-bottom prices, LRKB acres in the US and Argentina look set to climb in 2026 — but rising natural gas costs caused by the Iranian conflict may squeeze European canning, tightening margins and dampening demand.
European canners face tightening margins as rising LNG costs threaten demand for light red kidney beans.
Back in 2024, the combined US, Canadian, and Argentinian light red kidney bean (LRKB) production dropped as low as 45 KMT, with US grower prices dropping as low as $41/cwt due to a significant carryover. 2025 saw production between these three key producers bounce back up to 68 KMT in total. Despite the US and Argentina upping their YoY LRKB production by 27% and 122% respectively, supply wasn’t necessarily ample, and a drive to grow supplies may be reflected in spring’s decisions on seeding.
Charles Wachsmuth of Chippewa Valley Bean said that US LRKB supply last season was “extremely tight — if not a little short”, which is why the US has more or less zero carryover coming into the new season.
This cycle could see acres rise not only in the US, but also in Argentina, according to Ivan Martin of Alimar. Martin stressed that an acreage bump in LRKB would hinge on the availability of strong seed, but that farmers were keen to plant more. 2024 was a catastrophic crop year for Argentinian beans in general, including LRKB’s, which dropped to a four-year production low of 3 KMT.
The UK is one of the largest markets for LRKB, where it is used for canning purposes. Italy also buys stock from the US and Argentina. The recent rise in liquid natural gas prices caused by the Iranian conflict may begin to impact the margins of European canners, raising questions for the months to come. Could persistent high LNG prices impact LRKB demand in the UK/EU? How exposed is the global kidney bean demand to price shocks in shipping and canning? The Speckled & Color Beans Panel at Pulses 26 will get answers to these questions and the full global picture for kidney beans, speckled beans, and other colored beans. For now, these variables remain one of the industry's great unknowns as the new season approaches.
US, Canadian, and Argentinian LRKB Production since 2017 — Pulse Atlas.
Pulses 26 / Iranian conflict pulse trade impact / 2026 light red kidney bean projections / US vs Argentina LRKB acreage / European canning industry energy risks / pulses supply chain shocks
Disclaimer: The opinions or views expressed in this publication are those of the authors or quoted persons. They do not purport to reflect the opinions or views of the Global Pulse Confederation or its members.