By Commodity News Service Canada
Winnipeg, Jan. 5 (CNS Canada) – Declining prices in India have traders in the country looking for an end to the decade old ban on pulse exports, according to reports.
Prices for all varieties of pulses, except chana (chickpeas), have fallen below the minimum support price, according to India’s Pulses and Grains Association, as low supplies in recent years have led to an influx of imports.
Global commodities company ED&F Man is set to purchase British pulse exporter Maviga, according to reports. Maviga ships 250,000 tonnes of pulses on an annual basis, and the takeover news was seen as a sign of the strength of the fast-growing pulse sector.
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The USDA tendered to purchase roughly 24,000 tonnes of pulses for food aid.
Number 2 Laird lentils are currently topping out at about 66 cents per pound in Western Canada, while red lentils are bid up to 30 cents per pound, according to the most recent Prairie Ag Hotwire data.
Green pea prices range from C$8.22 to as high as C$9.50 per bushel in Western Canada. Yellow peas range from C$7.78 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 70 cents per pound in Western Canada.
