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NA Edible Beans Strengthen
VANCOUVER - Sep 19/08 - SNS -- North American dry edible bean markets continued to strengthen against tight grower holding and limited harvest progress during the past week. By contrast, improved supplies on world markets are resulting in a more price competitive environment for importers in Brazil and elsewhere.
The U.S. grower index finished the week up 34 points at a record 1325, versus 926 at this time last year. The grower share of the weighted average dealer price for beans now stands at 80.9%, up 1.9 points from last week and up 2.7 points from this time last year.
The U.S. spot market index for dry edible bean finished the week at 1464, up 3 points from the previous week and compared to 1062 at this time last year.
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