Pulses: India imposing stock limits in bid to ease prices

CNS Canada — Following are a few highlights in the Canadian and world pulse markets on Monday morning, Oct. 19.

• With local pulse prices continuing to rise sharply, the Indian government has imposed limits on how many pulses food processors, importers, exporters and retailers can hold. Prices are nearly double what they were a year ago for many commodities, and the stock limits are intended to prevent hoarding and increase the availability of supplies, according to news reports out of the country.

• Adani Ports and Special Economic Zone (APSEZ) has signed a memorandum of understanding with India Pulses Grains Association (IPGA) to handle lentils and other pulses at port facilities in the country. The MOU is expected to help improve the supply chain logistics.

• Canada exported 22,900 tonnes of peas during the week ended Oct. 11, according to the latest Canadian Grain Commission data. Total pea exports during the crop year to date, at 940,600 tonnes, are running ahead of the year-ago level of 913,100 tonnes. The lentil export business was quiet during the week, with only 500 tonnes moving out of the country. However, lentil business to date, at 246,900 tonnes, is well ahead of the 89,400 tonnes sold at the same time a year ago.

• Green pea prices in the C$7.50-$8.50 per bushel range are being reported, while prices anywhere from C$7.50 to $9.25 per bushel can be found for yellow peas. Red lentil bids as high as 40 cents per pound are being reported in some locations, while No. 2 large green lentils are hitting prices as high as 43 to 46 cents. Smaller lentils are also hitting the 40-cent mark in some cases.

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