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Strong Finish For Edible Beans
VANCOUVER - Aug 1/08 - SNS -- North American dry edible bean markets finished the week's trading on a strong note.
Limited availability of beans on spot markets have combined with a smaller prospective crop to boost spot grower bids during the week.
The net result is the grower index established a new record high by week's end, finished up 18 points at 1256, versus 875 at this time last year. The grower share of the weighted average dealer price for beans now stands at 77.2%, down 1.5 points from last week and down 2.3 points from this time last year.
The U.S. spot market index for dry edible bean finished the week at 1455, up 49 points from the previous week and compared to 1019 at this time last year.
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