By Dave Sims, Commodity News Service Canada
Winnipeg, June 7 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, June 7.
– Saskatchewan Pulse Growers says Indian farmers will likely plant more pigeon peas, black beans and moong beans this year, according to a new report by the group. The initial season target for those particular pulses is 7 million tonnes but there are new thoughts it may be 10-15% higher than that due to an improved monsoon season. In 2014, 2015 the crop was just 5.5 million tonnes.
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– The report also suggests that India may not be able to absorb all of the large commitments that have been made to it by pulse exporters around the world.
– A report in India.com says the government has secured 111,000 tonnes of pulses from its farmers to help augment the government’s buffer stock.
– Officials in Hyderabad, Pakistan say prices for lentils have shot up 15 to 30 percent. It’s believed that some traders hoard supplies in an effort to drive up prices ahead of Ramadan.
– Red lentils are attracting prices of 39-48 cents (Canadian) per pound at elevators across Western Canada, according to the Prairie Ag Hotwire.
