By Commodity News Service Canada
Winnipeg, Dec. 18 – Following are a few highlights in the Canadian and world pulse markets on Friday, December 18.
– India continues to deal with pulse shortages, but the situation is easing through raids of hoarded supplies and increased imports, according to reports out of the country.
– India’s government is advocating a three-pronged YIP strategy (Yield, Insurance, and Price) to boost domestic pulse production and become self sufficient. In an economic report presented to Parliament, the strategy discussed the need to improve the country’s yields, create more effective crop insurance options, and also encourage production through minimum support prices.
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– Chickpea prices in Australia continue to rise, with end users showing solid demand despite complaints that values are getting too expensive, according to a report from AgVantage Commodities. Shortages in India were cited as the primary reason for the strength in Australia.
– Green pea prices in the C$8.00 to C$9.00 per bushel range are being reported in Western Canada. Meanwhile, yellow peas are moving higher, with bids as high as C$11.50 per bushel now reported in some locations. Red lentil bids as high as 57 cents per pound are being reported in some locations, while number two large green lentils are now hitting prices as high as 68 cents and number ones have topped 71 cents at some locations.
– Chickpea prices in Western Canada also continue to trend higher, with large caliber Kabulis’s trading as high as 46 cents per pound.
