Pulses: Chickpea prices sky-rocket down under

By Dave Sims, Commodity News Service Canada

Winnipeg, March 4 – Following are a few highlights in the Canadian and world pulse markets on Friday, March 4.

– Australian chickpeas are surging in price. According to market reports prices are holding at an all-time high of AUD $1,100 per tonne. Those prices are expected to come down though, once Indian chickpea production returns to normal levels, according to the Australian government crop agency ABARES.

– It appears India will be forced to import peas for the next couple of years. A weak monsoon season cut into this year’s crop. However, even if production was at a normal level it wouldn’t likely be enough to satisfy the country’s needs, according to analysts. That demand has been estimated at 21 to 22 million tonnes.

– Chinese officials seized some toxic pea-seeds from a flight that had come from Africa at Guangzhou airport, according to chinadaily.com.

– Black beans are drawing prices of 23 cents (CDN) per pound at elevators across the Canadian Prairies. Those same beans are getting prices of 32 cents (CDN) per pound in Michigan and 30 cents (CDN) per pound in North Dakota, according to Prairie Ag Hotwire.

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