STAT Communications Ag Market News

Firm Tone in Dry Beans

PANAMA - Nov 29/19 - SNS -- Dry edible bean markets maintained their firm tone through the past week against tightening supplies in some origins and concern over this year's North American harvests.

This was reflected in inter-dealer markets in the United States, with the result its spot index for dry edible beans advancing 1.8 points on the week to close at 131.1. This is the first time since September of 2017 that the price index has been over 130. So far this season it has averaged 120.35, up from the previous season's average of 114.91 points.

The Canadian pulse prices index advanced 1.2 points on the week to close at 132.3, while the global index also managed a 1.5 gain to finish at 140.8.

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