By Dave Sims, Commodity News Service Canada
Winnipeg, May 10 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, May 10.
– A report in India Today claims the country’s intelligence community is looking into shady pricing schemes involving an Indian broker working with “an international conglomerate” that has been artificially inflating chickpea prices. The report says Canadian red lentils are one of the crops going for much higher prices than they should.
– India imported 55,000 tonnes of lentils between April to February in an effort to control rising prices, according to a report in The Times of India.
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– The Australian state of Victoria saw 15-25 millimetres of rain in many areas recently, which should help prepare the ground for the new plant, a report in The Land said. According to the article, pulse farmers in Queensland, northern New South Wales and parts of the south continue to wait and hope for moisture.
– The Nigerian government is trying to convince the European Union to lift a ban on the West African country’s dried bean exports. According to a report on China.org, high levels of pesticide prompted the EU to deny the beans entry in June of last year. However, Nigeria says it has adequate control measures in place to handle any future problems.
– Navy beans are attracting prices of 26 cents (Canadian) per pound at elevators across Western Canada. The same beans are going for 28.5 cents (Canadian) per pound in North Dakota and Michigan.
