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Quiet Trading Conditions in Beans
VANCOUVER - Jul 11/08 - SNS -- Dry edible bean markets were little change in quiet trade during the past week.
The U.S. spot market index for dry edible bean finished the week at 1388, unchanged from the previous week and compared to 979 at this time last year. The grower index finished unchanged at 1208, about 35 points below its record high, but up from 878 at this time last year.
The grower share of the weighted average dealer price for beans now stands at 77.7%, unchanged from last week and down 2.5 points from this time last year.
The Argentine parliament's decision to pass the export tax regime requested by the country's president has infuriated farmers and opened the door to ongoing disruptions of export activity.
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