Pulse prices unmoved by latest Indian import tariffs

India’s announcement that it was slapping duties on lentils and chickpeas had little impact on prices that were already “in the doldrums,” says an analyst. “The whole thing was anticipated,” said Brian Clancey, editor of Stat Publishing. “Canadian lentil exports to India had already plunged. The market had died for us.” India announced on Dec. […] Read more

India pea duty slashes prices

Yellow pea prices have plunged in the wake of a dramatic policy change in India. The Indian government imposed a 50 percent import duty on peas last week without any prior warning of its intentions. Companies that are still bidding on peas have dropped their price to about $6 per bushel, down from $8 the […] Read more

Soy oil claim allowed

The soybean oil industry is finally able to use the same qualified health claim that the canola oil industry has been using for 11 years. The U.S. Food and Drug Administration has approved a petition by Bunge North America for a claim linking consumption of soybean oil to reduced risk of coronary heart disease. It […] Read more

Pulse processor optimistic on exports to India

AGT president believes the drop in pulse prices will cause Indian growers to switch to more lucrative crops like wheat

The head of the world’s largest pulse processing company is more optimistic about export prospects to India than some market analysts. Murad Al-Katib, president of AGT Food and Ingredients, believes India’s crop is not going to be nearly as big as the Indian government and analysts are forecasting. India has set a target of 20.75 […] Read more

Is the chickpea crop worth saving?

Three-quarters of Saskatchewan’s chickpea crop remains in the field and is in terrible condition, say analysts. Saskatchewan Agriculture reports that 25 percent of the crop had been combined as of Oct. 24, compared to an average of 82 percent for all crops. “The Canadian chickpea crop is a disaster,” said Marlene Boersch, analyst with Mercantile […] Read more

India preps for record harvest

Analysts are divided over reports of a record-smashing Indian kharif or summer pulse crop harvest. The Indian government estimates farmers will harvest 8.7 million tonnes of pulses this fall, up 22 percent from the previous record. That includes 4.3 million tonnes of pigeon peas, which is 35 percent higher than the previous record for that […] Read more