By Dave Sims, Commodity News Service Canada
Winnipeg, January 16 (CNS) – Untimely rains and other environmental factors are crimping some of Brazil’s bean crops, according to CONAB. The agency forecast a reduction of Brazil’s black bean crop by 4.3 per cent for the year. Cowpeas were also expected to suffer slightly lower production due to poor planting conditions.
A major pulse exporter in eastern Australia is going under. The Blue Ribbon Group had been buying and exporting chickpeas, mung beans, cowpeas and other pulses since 2000. According to a story on farmonline.com, underperforming investments, increased competition and poor weather contributed to its downfall. The chairman of Grain Producers Australia said the business’ demise also underscored the need for government help. He pointed to the tariffs slapped on Australian pulses by India as another example of why pulse exporters need to be safeguarded.
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Crimson #1 lentils are also holding firm at 16 to 18.5 cents per pound.
Yellow peas are locked in a range of C$5.75 to C$7.25 a bushel.
Pinto beans are priced at 24.5 to 27 cents per pound.
