By Commodity News Service Canada
Winnipeg, Nov 24. – Following are a few highlights in the Canadian and world pulse markets on Tuesday morning, November 24.
– According to Agriculture and Agri-Food Canada, lentil exports this marketing year will total 2.200 million metric tonnes. That is a significant increase over October’s estimate of 1.900 MMT. It also is an increase over the 2014/15 period when lentil exports totalled 2.181 MMT.
– COFCO has announced it is taking full ownership of commodity trader PentAg Nidera and will change its name to Nidera Australia. The Chinese company (COFCO) already owned 51 percent of the trader. Nidera typically exports 200,000 tonnes of chickpeas and grain legumes annually to much of southeast Asia.
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– An investigative report by India Today’s TV team has suggested the recent spike in dal prices was more man-made than a lack of rain. A report this week by the channel secretly recorded dealers in Delhi’s biggest commodity market explaining how to “fix” prices. Recently dal prices shot up over 200 rupees per kilogram from their normal prices of 70 rupees.
– Russian exports of peas appear to be increasing slightly. According to data from APK-Inform Agency, export volumes reached 8,300 tonnes in the week of November 16-22. That compares to just over 7,000 tonnes during the period of October 19-25.
– A recent trade show in Chicago saw seven major commodity companies from Peru secure US$11 million in sales commitments for the New Year. According to Peru’s Foreign Trade and Tourism Ministry a significant part of the orders are for various types of beans.
– According to the Prairie Ag Hotwire, green peas are topping out at C$8.50 a bushel in Western Canada. Yellow peas are even higher, at C$10.00 per bushel.
