STAT Communications Ag Market News

Kabulis Regain Bullish Footing

PANAMA - Apr 1/16 - SNS -- Kabuli chickpea markets finished the week on a strong note, with many market participants confident prices could continue to trend upward through the end of May.

Production problems in Mexico has seen some of that country's exporters cover short positions from other origins, affecting values for product sized 9mm and larger.

Even so, limited trading continues to be reported in Mexican origin product, with steady price increases raising the ceiling under which other exporters can price their product.

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