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Beans Maintain Firm ToneVANCOUVER - May 30/08 - SNS -- Dry edible bean markets maintained their firm tone throughout the past week as demand remained well ahead of an improving supply. The U.S. spot market index for dry edible bean finished the week at 1340, up six points from the previous week and compared to 949 at this time last year. The advance reflects limited trading interest in both spot and new crop shipping positions. The grower index finished unchanged 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 80.4%, down 0.5 points from last week and down 2.1 points from this time last year. Subscribers can read the full text of the article by Clicking here
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