Firmer Undertone in Colored Beans
PANAMA - Feb 5/16 - SNS -- Dry edible bean markets started to show a firmer undertone during the past week, helped by improving demand for colored beans from Mexico and Brazil.
Even so, the index for U.S. beans posted another modest decline, slipping 0.6 points to finished the week at 137.6. Gains in pinto beans were offset by losses in white beans.
Interestingly, the world export pulse index lost 2.1 points to finish at 219.1 on the week; while the Canadian index gained 0.7 points to close at 219.2.
Peas Firm Despite Large Inventory
PANAMA - Feb 5/16 - SNS -- North American field pea markets maintained their firm tone in both grower and export markets, despite larger than expected inventory levels in Canada.
In its December 31 stocks in all positions report, Statistics Canada said there were 2.212 million metric tons (MT) on farms and in commercial hands. That was down marginally from the previous year, with farmers holding 2.07 million MT and the trade 142,000.
Export trade data for December was also released during the week, with official exports of all class of peas pushing past 201,000 MT, lifting shipments for the first five months of the marketing year to 1.516 million MT. Though down 244,000 MT from last season, export clearances are the second best in Canadian history.
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