Pulses: Raids on pulse hoarders in India

Red lentils. (PulseCanada.com)

CNS Canada — Following are a few highlights in the Canadian and world pulse markets on Thursday morning, Oct. 21.

• 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. Reports of raids and arrests are becoming more frequent, while some imports were also finding their way into the country to help ease the tight supply/demand situation.

• AccuWeather has released a long-range forecast for Canada, predicting a drier and milder winter as the polar jet stream is expected to keep to the north.

• Green pea prices in the C$7.50-$8.50 per bushel range are being reported, while prices anywhere from C$7.50 to $9.50 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.

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