CNS Canada –– Following are a few highlights in Canadian and world pulse markets on Tuesday morning, Oct. 20.
• Shortages and resulting high local prices in India remain at the forefront of the global pulse market. The government recently imposed restrictions on how many tonnes companies can store in an effort to curb hoarding. At the same time, India remains active in the global export market bringing in more supplies.
• Increasing consumer interest in utilizing vegetable-based protein sources in food products is a factor to keep an eye on in the pulse industry. Janice Rueda, of Archer Daniels Midland, presented research at the American Association of Cereal Chemists (AACC) centennial meeting in Minneapolis this week highlighting studies in which navy bean powder was used in creating cheese puffs — enhancing both the protein and fibre content of the snack food with no noticeable taste difference.
• Green pea prices in the C$7.50-$8.50 per bushel range are being reported, while prices anywhere from $7.50 to $9.50 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.