STAT Communications Ag Market News

Conflicting Tendencies in Fababeans

PANAMA - Feb 12/17 - SNS -- International fababean markets have come under increased pressure since the end of the 2016 calendar year as Australia works to move last year's record harvest.

Production ended up at 500,000 metric tons (MT) from 256,000 hectares, compared to just 319,100 from 282,200 hectares in 2015.

¿ The British Edible Pulses Association (BEPA) says aggressive competition on world markets is now having a negative impact on trading levels. However, values on domestic markets in the United Kingdom are benefitting from a domestic shortage of rapeseed meal.

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