Lima Beans Price Trend and Forecast 2026-2027

Dry lima beans, also sold as butter beans and pallares, are grown mainly in Peru, Madagascar, California and Argentina. Peru exported 8,968 tonnes worth USD 15.1 million in 2024, down 20 percent, led by the Netherlands, Japan and Spain, while Madagascar exported 5,757 tonnes worth USD 2.96 million.

Peruvian export values averaged USD 1,684 per tonne in 2024 and about USD 1,567 in the first four months of 2025. In 2026 the FOB average was USD 1,319 per tonne in the first quarter and USD 1,292 for January to May, which implies about USD 1,238 for April and May. Madagascar's 2024 average export value was about USD 514 per tonne.

Lima Beans Prices in October 2026

Peruvian lima bean exports averaged about USD 1,292 per tonne FOB in the five months to May 2026, with April and May near USD 1,238, well below 2025 levels. Prices are expected to stay subdued in October. The price outlook is shaped by four key drivers.

• US tariff: The United States applied an additional 12.5 percent tariff from July 2026 covering roughly half of Peru's shipments to that market. Lima beans are not named, but the United States took USD 876,511 of Peruvian pallar exports in the first five months.
• El Nino alert: The national climate body kept its Coastal El Nino alert in July 2026 and expects warm conditions until April 2027, with a strong event most likely, which raises the risk of rainfall damage to coastal agriculture and roads once the rainy season begins.
• Port logistics: APM Terminals Callao introduced early cargo acceptance, flexible gate windows and priority handling in July 2026 to manage possible El Nino disruption, warning that northern cargo could be compressed into a few weeks and cause congestion.
• Madagascar supply: Cyclone Gezani damaged warehouses and electrical systems at Toamasina, which handles about 80 percent of Madagascar's trade, in February 2026, delaying customs and adding logistics risk to Madagascan butter bean shipments.

Supplier news: Brolem, Agro Fergi and Andes Alimentos led Peruvian shipments, exporting about USD 823,000, USD 603,000 and USD 546,000 in the five months to May 2026. APM Terminals Callao set out its El Nino readiness plan in July 2026. Short term, soft export values persist. Long term, weather and tariffs shape supply.

Lima Beans Price Forecast for 2026

The divergence between surging Mexican export demand and softening Indian export demand shows no clear sign of converging, which points toward continued regional divergence through H2 2026. Steady growth in plant-based protein demand should keep supporting the broader market regardless of which origins capture that growth.

A further surge in demand for Mexican-origin lima beans, or a supply constraint emerging there, could be what pushes prices in that market above this forecast. A recovery in Indian export demand, or a moderation in Mexican demand growth, could be what narrows the gap between the two markets instead.

For the Quarter Ending June 2026

Lima Beans Prices Q2 2026:

• United States: USD 3.05/KG
• Mexico: USD 1.68/KG
• Spain: USD 2.38/KG
• India: USD 0.88/KG

Lima Beans Prices in United States

The United States stayed the priciest market by a wide margin, with the price moving from about USD 2.95/KG to near USD 3.05/KG, a gain of just above 3.4%. It was steady retail and processing demand, together with typical seasonal supply conditions, that carried the increase.

Why did the price of Lima Beans change in Q2 2026 in United States?

Growing health consciousness among consumers, particularly the shift toward plant-based diets, has kept demand for lima beans on a steady upward trajectory in the United States, and it is this demand growth, meeting typical seasonal supply, that has kept pricing on its gradual upward path.

Lima Beans Prices in Mexico

The Mexican price moved from about USD 1.58/KG to near USD 1.68/KG, a gain of just above 6.3%, extending a dramatic run that has left Mexican pricing up more than half from a year earlier. It was surging export demand, together with strong buyer interest from processors and manufacturers, that carried the increase.

Why did the price of Lima Beans change in Q2 2026 in Mexico?

Mexican lima bean pricing has posted one of the sharpest annual gains among any origin tracked in this series, and it is this surging export demand, likely tied to Mexico's growing role supplying processors and plant-based protein manufacturers, that appears to explain the sustained strength through this quarter.

Lima Beans Prices in Spain

The Spanish price moved from about USD 2.29/KG to near USD 2.38/KG, a gain of just above 3.9%. It was steady demand from domestic and export markets, together with typical seasonal supply conditions, that carried the increase.

Why did the price of Lima Beans change in Q2 2026 in Spain?

Spain's position as a European hub for legume trade has kept demand steady across both domestic consumption and re-export channels, and it is this consistent demand, combined with typical seasonal supply, that has kept Spanish pricing on a gradual upward path.

Lima Beans Prices in India

The Indian price eased from about USD 0.95/KG to near USD 0.88/KG, a decline of just above 7.4%, continuing a pullback that has left Indian export pricing down meaningfully from a year earlier. It was softer export demand, together with ample domestic supply, that gave the market room to ease.

Why did the price of Lima Beans change in Q2 2026 in India?

Indian lima bean export pricing has posted one of the sharpest annual declines among the origins tracked here, and it is this softening export demand, contrasting with the surging demand seen in Mexico, that appears to explain the continued Indian pullback this quarter.

For the Quarter Ending March 2026

Lima Beans Prices Q1 2026:

• United States: USD 2.95/KG
• Mexico: USD 1.58/KG
• Spain: USD 2.29/KG
• India: USD 0.95/KG

Lima Beans Prices in United States

The price reached close to USD 2.95/KG in Q1 2026, a rise of just above 3.5% from Q4 2025. It was steady demand from retail and food processing buyers, together with typical seasonal supply conditions, that pushed the market higher.

Why did the price of Lima Beans change in Q1 2026 in United States?

Demand from retail and food processing buyers held its usual steady pace entering the year, and it was this demand, meeting typical seasonal supply patterns, that drove the United States increase.

Lima Beans Prices in Mexico

The price reached close to USD 1.58/KG in Q1 2026, a rise of just above 9.0% from Q4 2025. It was strong export demand, together with tightening available supply, that pushed the market higher.

Why did the price of Lima Beans change in Q1 2026 in Mexico?

Export demand for Mexican lima beans has grown substantially, and it was this demand, meeting supply that has not kept pace with the same speed, that drove the sharp Mexican increase entering the year.

Lima Beans Prices in Spain

The price reached close to USD 2.29/KG in Q1 2026, a rise of just above 6.5% from Q4 2025. It was steady demand from domestic and export buyers, together with typical seasonal supply conditions, that pushed the market higher.

Why did the price of Lima Beans change in Q1 2026 in Spain?

Domestic and export demand held its usual steady pace entering the year, and it was this demand, meeting typical seasonal supply patterns, that drove the Spanish increase.

Lima Beans Prices in India

The price eased to close to USD 0.95/KG in Q1 2026, a decline of just above 9.5% from Q4 2025. It was softening export demand, together with ample domestic supply, that pressured the market lower.

Why did the price of Lima Beans change in Q1 2026 in India?

Export demand for Indian lima beans softened noticeably entering the year, and it was this weaker demand, meeting ample domestic supply, that drove the sharp Indian decline.

Quarterly Lima Beans Price Trends

This market climbed steadily across every quarter tracked here. Close to USD 1.74/KG in Q1 2025 rose to about USD 1.82/KG, near USD 1.90/KG, and close to USD 1.88/KG by Q4, before continuing to about USD 1.94/KG in Q1 2026 and near USD 2.00/KG in Q2. That is a rise of roughly 14.9% across the window, though this global figure masks sharply diverging regional trends underneath.

What was Lima Beans Price in 2025?

It was steady demand from the United States and Spain, combined with a dramatic surge in Mexican export demand, that drove most of the 2025 climb, even as Indian export demand softened meaningfully over the same period. The global average opened near USD 1.74/KG in Q1 and climbed to close to USD 1.88/KG by Q4, a rise of just above 8.0% for the year, masking the sharp divergence building underneath between Mexico and India specifically.

Lima Beans Prices in United States in 2025

The United States price climbed from about USD 2.65/KG in Q1 2025 to near USD 2.85/KG by Q4, a rise of just above 7.5% for the year. It was steady demand growth tied to the broader plant-based protein trend, which has boosted lima beans alongside other legumes as consumers seek meat alternatives, that drove the gradual climb through 2025.

Lima Beans Prices in Mexico in 2025

The Mexican price climbed from about USD 1.05/KG in Q1 2025 to near USD 1.45/KG by Q4, a rise of just above 38.1% for the year, by far the sharpest annual gain among the four markets tracked. It was rapidly growing export demand, outpacing the market's ability to expand supply just as quickly, that drove this dramatic climb through 2025.

Lima Beans Prices in Spain in 2025

The Spanish price climbed from about USD 2.00/KG in Q1 2025 to near USD 2.15/KG by Q4, a rise of just above 7.5% for the year. It was steady demand from domestic consumption and re-export channels that drove the gradual climb through 2025.

Lima Beans Prices in India in 2025

The Indian price eased from about USD 1.25/KG in Q1 2025 to near USD 1.05/KG by Q4, a decline of just above 16.0% for the year, the sharpest annual decline among the four markets tracked. It was softening export demand, even as domestic supply stayed ample, that drove this consistent decline through 2025, a pattern that continued into early 2026.

How We Can Help

Expert Market Research: Your Source for Real-Time Lima Beans Price Intelligence

The Lima Beans market has split sharply by origin this year, so Expert Market Research tracks export demand patterns closely across each major supplying country alongside typical seasonal growing conditions and the broader plant-based protein demand trend across the four markets covered here. This is combined with trade flow data to build the forecasts. For Lima Beans pricing data, custom analysis, or procurement strategy support, the team is glad to help.