By Commodity News Service Canada
Winnipeg, Aug. 31 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Wednesday, August 31.
– Farmers in the dry Adilabab district of central India received some much needed rain this week, helping boost the crop prospects for the corn, cotton, and pulses there.
– Policies in India have helped lower the average consumer prices for pulses from 200 rupees per kilogram down to 100 rupees, according to government officials.
– Moong beans are some of the first pulse crops harvested in India, and bids have declined to the point that they are nearing the minimum support price fixed by the government. As a result, some officials have now expressed concern that the falling prices will lead to a spike in claims.
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– Number 2 Laird lentils are currently topping out at about 47 cents per pound in Western Canada, according to Prairie Ag Hotwire data. Red lentils are bid at up to 32 cents per pound.
– Green pea prices range from C$7.10 to as high as C$8.00 per bushel in Western Canada. Yellow peas range from C$6.15 to C$7.08 per bushel.
