STAT Communications Ag Market News

Beans Hold Firm Tone

PANAMA - Apr 9/16 - SNS -- The world's dry edible bean markets remained firm through the past week, helped by general strength in pulse markets.

International dry edible bean markets had been helped by expectations Mexico will import up to 150,000 MT of non-NAFTA origin black beans. However, reports that companies applying for import permts need to supply bills of lading killed any market excitment.

Believing there would now be less competion for market access, asking prices in Canada and the United States posted modest gains on the week. This saw the index for U.S. beans inch 0.3 points higher to finish the week at 143.9.

By contrast, the world pulse price index jumped 4.1 points to finish at 235.1; while the Canadian index gained 2.6 points to close at 232.4.

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