STAT Communications Ag Market News

Beans Wait On European Buyers

PANAMA - Aug 21/20 - SNS -- International dry edible bean markets remained relatively quiet during the past week, with exporters waiting for European buyers to return from their summer holidays and processors watching developing crops to get a better sense of this year's average yields.

With spot and new crop markets converging and markets expected a huge increase in pinto, great northern and navy bean production, the spot index for dry edible beans in the United States dropped 2.3 points on the week to finish at 87.6.

This contributed to a 0.6 points decline in the global pulse price index, which ended the week at 73.0, while the Canadian pulse prices index was slipped 0.7 points to close at 69.0.

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