By Dave Sims, Commodity News Service Canada
Winnipeg, July 27 – Following are a few highlights in the Canadian and world pulse markets on Wednesday, July 27.
– India will continue to import pulses at a brisk rate even though the current monsoon season is proceeding better than expected. According to the Indian Pulses and Grains Association, chickpea imports for the current financial year should be 6 to 6.5 million tonnes, which compares to 5.7 million tonnes last year.
– The USDA is on the hunt for 2,000 tonnes of split yellow peas to be used for its food aid program.
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– A new report says water levels are the main factors behind India’s food-inflation problem. An economist with Societe Generale says the reduction of water resources is making it tough to keep overall food prices in check. Many areas do not have extensive irrigation techniques and much of the water is used for electricity which has cut into ground-water supplies. In turn, this has cut into the amount of water available to crops.
– Four new types of cold-tolerant faba bean germplasm lines have been developed for cover crops that can be rotated with wheat and other cereals, according to the USDA. One of the main benefits to the new beans is enhanced winter hardiness, which could give farmers better flexibility on where and when to use the beans.
– Green peas are currently attracting prices of C$6.25 to C$9.75 per bushel at elevators across Western Canada. The same peas are attracting prices of C$7.92 to C$8.25 per bushel at elevators in North Dakota, and C$9.50 to 9.89 per bushel in Washington and Idaho, according to the Prairie Ag Hotwire.
