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General Strength in Edible Beans
VANCOUVER - May 167/08 - SNS -- International dry edible bean markets finished the week's trading on a generally firmer tone against ongoing demand for black beans and worries about white bean supplies.
This was reflected in the U.S. spot market index for dry edible bean, which finished the week at 1331, up two points from the previous week and compared to 953 at this time last year.
The grower index finished up seven points at 1204, about 39 points below its record high, but up from 876 at this time last year. The grower share of the weighted average dealer price for beans now stands at 80.9%, up 0.4 points from last week and down 1.3 points from this time last year.
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