Pulses: India looks to cut international business red-tape

CNS Canada — Following are a few highlights in the Canadian and world pulse markets on Tuesday morning, Oct. 27.

• Indian police have seized approximately 1,650 tonnes of pulse crops from warehouses in Thane. The stocks that were seized include Russian chickpeas, tur and Australian chickpeas, according to reports out of the country. It was earlier this month that India announced it planned to seize supplies from dealers it suspected of hoarding.

• According to APK-Inform Agency, Russia exported 7,000 tonnes of peas from its ports during the period of Oct. 19-25.

• India has set up a new panel with the aim of simplifying the country’s tax laws. The country says it wants to make it easier for other countries to do business with the Asian giant. India, which is Canada’s biggest buyer of pulse crops, recently ranked 142 out of 189 countries in the World Bank’s index regarding the ease of doing business.

• Agriculture and Agri-Food Canada has released some new findings regarding pulse production in the country. The agency pegged 2015-16 total Canadian pulse production at 5.988 million tonnes, up from 5.679 million tonnes in September. Total exports for dry peas, lentils, dry beans, chickpeas, mustard seed, canary seed and sunflower seeds were pegged at 5.225 million tonnes. That is up slightly from the previous estimate, and compares to the 2014-15 total of 5.987 million tonnes.

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