There could be upside in red lentil markets, says an analyst. “I can see more of the bullish factors rather than the bearish news,” AgPulse Analytica analyst Gaurav Jain said at the Global Pulse Confederation’s (GPC’s) recent Macau Pulses Congress. Related stories: The market has already factored in big crops from Canada and Australia, so […] Read more
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Growers welcome extended pea duty exemption
SASKATOON — India is extending its exemption on yellow pea import duties for another two months. “This is an important bit of good news for the industry,” said Pulse Canada president Greg Cherewyk. Related stories: “Certainly, at this point of the year it’s incredibly important.” The exemption has been extended to Dec. 31, 2024, from […] 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
Russia now sells more peas to China than Canada
Canada once had a 95 to 97 per cent market share but has dropped to 44.6 per cent, compared to Russia’s 49.1 per cent
SASKATOON — Russia has officially displaced Canada as the top exporter of peas to China. Russia’s Union of Grain Exporters said the country shipped 1.13 million tonnes of the crop to that market in 2023-24, according to a Reuters story. That gave it a 49.1 per cent market share compared to Canada’s 44.6 per cent. […] Read more
India’s high pulse target questioned
SASKATOON — India is unlikely to meet its robust pulse production targets for 2024-25, according to a leading analyst from that country. The proposed target is 29.9 million tonnes of kharif and rabi pulses, up from an estimated 23.44 million tonnes this year, according to a story that ran in the Hindu Business Line. Related […] Read more
