By Dave Sims, Commodity News Service Canada
Winnipeg, November 8 (CNS) – India has slapped a 50 percent tax on all pea imports. Canada is one of the largest pea exporters to the country, along with Russia, the U.S. and France. The levy is the maximum allowable under WTO rules. Pulse Canada CEO Gord Bacon says he has called Ottawa to try and get more details about whether vessels already on route are affected. Canadian pea exports have been falling recently. As of October 29, Canada had exported only 849,000 tonnes of peas, half-a-million tonnes fewer than the same time last year.
Demand for hummus from western countries has helped raise Kabuli chickpeas prices to extremely high levels in Australia. Bids for Kabulis are currently around AU$1,200 a tonne in the eastern portion of the country. A report on farmonline.com credits orders for hummus made from Kabuli chickpeas as one of the main reasons behind the surge. The demand has pushed prices in certain parts of Victoria and South Australia above $1,600 per tonne.
A new report by Industrial Market Research says the global pulse flours market could be worth US$18.97 billion by 2022. The report says the Asia Pacific region is expected to produce the lion’s share of the growth between 2017 to 2022. Flours include those made from peas, beans, chickpeas and lentils. In 2016, the chickpea flour segment dominated the market which was worth US$9.78 billion.
Yellow peas in Western Canada fell 25 cents, according to the latest information from the Prairie Ag Hotwire. Prices are now listed at C$6.35 to C$7.75 a bushel.
Kabuli chickpeas (10mm) are priced at 65 to 69 cents a pound.
Bids for black beans are going for 37 cents per pound.
In North Dakota, bids for pinto beans inched up by one cent to 25 to 28 cents per pound.