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Firm Finish For Beans
VANCOUVER - May 9/08 - SNS -- North American dry edible bean markets finished the week with a firm undertone against tight availability of product from both growers and processors. Both remain convinced markets will remain strong through new crop because of poor coverage by domestic canners and packagers.
The U.S. spot market index for dry edible bean finished the week at 1329, up four points from the previous week and compared to 965 at this time last year. The grower index finished unchanged at 1197, about 46 points below its record high, but up from 882 at this time last year.
The grower share of the weighted average dealer price for beans now stands at 80.5%, up 2.9 points from last week and down 1.7 points from this time last year.
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