By Dave Sims, Commodity News Service Canada
Winnipeg, May 11 – Following are a few highlights in the Canadian and world pulse markets on Wednesday, May 11.
– According to a report by Angel Commodities, an agri-commodity house in India (NCDEX) has raised the cash margin to 45% on chickpea buyers and 10% on sellers. The government is also expected to release more chickpeas from its buffer stock in a bid to keep prices in check.
– Bangladesh is warning merchants against hiking prices for commodities like lentils in the lead-up to Ramadan. The holiday begins the first week of June. Some reports out of the country suggest prices for certain foods are already rising gradually. The Parliamentary Standing Committee monitoring the issue says 14 teams of inspectors will begin checking markets within the next few days.
Read Also
Canadian Financial Close: Another dip for the loonie
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped a little lower on Wednesday, unable to…
– Although prices for chickpeas in Australia are sky-high, officials with Agri-foods Australia warn they could go even higher. A report in abc.net.au suggests the price could move if the Indian crop continues to get downgraded.
– Pinto beans are attracting prices of 24 to 32 cents (Canadian) per pound at elevators across Western Canada. The same beans are going for 31 to 35 cents (Canadian) per pound in Colorado, 30 to 34 cents (Canadian) in North Dakota and 31 cents (Canadian) in Washington/Idaho.
