Pulses: India pulse imports slowing down

By Commodity News Service Canada

Winnipeg, March 24 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Thursday, March 24.

– India’s pulse imports are showing signs of slowing down, with the country’s own Rabi season harvest underway, according to reports.

– Russia is becoming a larger player in the global field pea market, overtaking other major competitors to become the second-largest pea exporter behind Canada, according to a report from UkrAgroConsult.

– Lentil seedings in Australia are forecast at 245,000 hectares, according to officials with Pulse Australia. That would represent a 35 per cent increase over the past five years, with high prices causing the crop to be grown in more and more non-traditional areas.

– Green pea prices in the C$9.00 to C$9.75 per bushel range are being reported in Western Canada. Meanwhile, top end yellow peas are going for as much as C$14.00 per bushel in some locations. Red lentil bids of 51 cents per pound now being reported in some locations. Meanwhile, number two large green lentils are hitting prices as high as 75 cents and number ones have topped 80 cents at some locations.

– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 47 cents per pound.

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