By Commodity News Service Canada
Winnipeg, Dec. 1 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, December 1.
– Shortages and resulting high local prices in India remain at the forefront of the global pulse market. While prices continue to rise for some pulses, including pigeon peas, values are starting to ease for some other pulse options, such as chickpeas, according to the latest reports from the country.
– The Indian government is working on creating a buffer stock of pulses in order to help ease future price spikes, according to a report from the Economic Times of India. The government has asked NAFED (the National Agricultural Cooperative Marketing Fedration of India) and SFAC (the Small Farmers Agri-Business Consortium) to purchase 40,000 tonnes of pulses (30,000 tonnes tur dal and 10,000 tonnes urad dal).
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– The USA Dry Pea and Lentil Council has received a US$140,000 tonne grant that it will use to hold a two-day course for food industry officials and media representatives in January in an effort to educate about the nutrition and health benefits of pulse crops. The conference “will allow us to train the media about the health, nutrition and sustainability benefits these crops bring to the table,” said the group’s CEO Tim McGreevy in a news report.
– Green pea prices in the C$8.00 to C$8.75 per bushel range are being reported in Western Canada. Meanwhile, yellow peas are still firm, with bids as high as C$10.00 per bushel found in some locations. Red lentil bids as high as 51 cents per pound are being reported in some locations, while number 2 large green lentils are hitting prices as high as 55 cents.
