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During the 2007, the situation of all the markets have been significant increases in prices due to different causes. To remember certainly the new expansion of bio-disel used that had the first impact of decrase the areas intended for sowing of agricultural products in favour of the bio-disel. Also the price of oil has influenced significantly on the prices of final products as the increases freight rates, the increases in transport have been very high should, of course, on final prices. We must not forget the strong dollar devaluation against the euro, and all the other currencies (Canadian dollar, Indian Rupee, etc) that has led to a further increase in final prices.

We are waiting to have all the statistics relating to harvests in 2007, and will be our care spend there all the news in this respect.

For the moment we have some information on trends of the harvest 2007 Argentina (beans alubias)

ARGENTINA

the 2007 harvest is almost exhausted in Argentina with few sellers still on the market. In November 2007 exports are estimated  between 95 and 97,000 tons (officially refers to 84,731 tons) and precisely:

T. 22.216 to Spain

T. 17.679  to Alger

T. 15.074 to Italy

T.  5.883 to Portugal

T.  5.584 to France & Belgium

T.  4.500 to Brazil(official)+ T  4.500 (not official)

T.  4.305 to Turkey

balance to other little country

 

On 2008 The harvest is estimated that the areas intended for sowing will be more or less unchanged and that – if the weather conditions will be favourable - should have a normal harvest.

Last prices 210/100 Usd 1,350.-

            185/100 Usd 1.400.-

 
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