Canada’s largest pea and lentil customer says it will no longer need to import those crops in the very near future.
Tag Archives Global Pulse Confederation
India unveils ambitious pulse plan
Country tells exporters it is serious about self-sufficiency
Producers await India’s decision on pea import duty
Prices are expected to remain stable if an exemption is extended this fall but drop if the government re-instates the duty
SASKATOON — The yellow pea market hinges on a looming policy decision in India, says an industry official. If India extends its exemption on pea import duties past the current Oct. 31, 2024, expiry date, it will spark another round of demand from that country, Rav Kapoor, chief executive officer of ETG Commodities Inc., said […] Read more
Red, green lentils take different paths
A large global supply is expected to pressure red lentil prices, while demand for green lentils will likely remain strong
SASKATOON — Lentil markets will be a tale of two colours this year, according to industry officials. The red lentil outlook is decidedly bearish. Related stories: “We haven’t seen this kind of a red lentil supply glut in almost five years,” Rav Kapoor, chief executive officer of ETG Commodities Inc., said during a recent Global […] Read more
Harvest trouble spells disaster for Argentine bean sales
SASKATOON — A major player in the bean market is having a disastrous year. “We are in a painful situation around here,” Lucas Genera, a trader with Agrofin, said during the Global Pulse Confederation’s (GPC’s) Argentina Pulses Update webinar. Related stories: “It is the worst crop since the drought of 2013.” He is forecasting the […] Read more
Wealth of chickpeas will affect export market
SASKATOON — The United States could be sitting on a massive stockpile of kabuli chickpeas by the end of the 2024-25 crop year, says an analyst. Farmers in that country planted 529,900 acres of chickpeas, a 42 percent increase over the previous year, according to the USDA’s Farm Service Agency. Related stories: The breakdown by […] Read more
Chickpeas galore in Australia could impact yellow pea prospects
SASKATOON — Australia’s desi chickpeas could provide stiff competition for Canada’s yellow peas in India this year. Farmers Down Under could be harvesting a massive crop based on early-season expectations. Related stories: The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is forecasting 1.15 million tonnes of chickpea production in 2024-25. That would […] Read more
Mexican crop troubles benefit Canadian bean growers
Statistics Canada estimates farmers will plant 358,150 acres to beans this year, a 12 percent hike from the previous year
SASKATOON — Growers in Canada and the United States planted more black and pinto beans and fewer navy beans in response to Mexico’s production hardships, say industry officials. Orion Roy-Wright, a trader with ADM Edible Beans, told the Global Pulse Confederation (GPC) that producers in those two countries increased black bean plantings by 15 to […] Read more
Red lentil prices expected to rise
SASKATOON — Old crop red lentil prices have bottomed out and should be heading higher as new crop seeding approaches, says a trader. “We’re at the lower end of the old crop prices,” Will Watchorn, a trader with Viterra, said during the red lentil panel at the Global Pulse Confederation’s Pulses 2024 conference. Canada is […] Read more
