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Pulses

Crops, Pulses

Pulse weekly outlook: Pandemic may pose market opportunity

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MarketsFarm — Plant protein products were steadily rising in popularity before the COVID-19 pandemic set in — but that industry could also get a boost from consumers shifting away from meat in a post-pandemic world. “There’s an increased level of awareness of hygiene issues in the meat industry,” Vishal Vijay, head of business development at […] Read more
Crops, Lentils, Markets

India’s levy cut on lentils part of balancing act

Global markets had zero or little forewarning of decision

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MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically […] Read more
Crops, Lentils, Markets

India reduces tariffs on lentils

Reduction set for all lentil imports except from U.S.

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MarketsFarm — India is temporarily reducing import tariffs on lentils originating from most countries. The India government’s Central Board of Indirect Taxes and Customs on Tuesday posted “Notice 26/2020-Customs,” which lowers import taxes on most lentils entering the country, from 30 per cent to 10 per cent. The reduction, which takes immediate effect, runs until […] Read more
Canola, Crops, Peas

Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

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The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada […] Read more
Crops, Markets, Peas

Pulse weekly outlook: Dry pea prices remain firm

Acres expected down from 2019

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MarketsFarm — Prices for green and yellow dry peas remain fairly good, according to Dale McManus of Johnston Grains at Welwyn, Sask. Green peas are currently $10-$11 per bushel, which he said is a decent price; he also expects green pea acres to remain steady in 2020 compared to the previous year. The price for […] Read more

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