Easier Tone in Dry Beans
PANAMA - Mar 10/18 - SNS -- Dry edible bean and other pulse markets finished the week on an generally easier note as offers from processors and exporters moved ahead of the short term needs of the market.
This was reflected in markets in the United States, with the U.S. spot index for beans finishing the week down 0.4 points to finish the week at 122.5.
Other major pulse price indices finished the week with an easier undertone because of anxiety over India. The Canadian pulse price index fell 4.8 points to finish the week at 149.7, while the world pulse price index lost 1.8 points to close at 134.
This is only the third week since September of 2010 that the world pulse price index was under 140 points. World markets peaked in May of 2016, with the index reaching a record high 248.1.