Winnipeg, Dec. 23 – Following are a few highlights in the Canadian and world pulse markets on Wednesday, December 23.
– According to AdVantage Commodities, spot prices for chickpeas in Australia have crept above the $900 per tonne mark. Strong demand from India is credited with achieving the record price.
– A pulse expert says the country of Malawi could double the amount of pigeon peas it currently exports to international buyers, most notably India. In an interview with the nyasatimes.com, Davie Locke of AHL Commodities said international demand was booming for the pulses and could not be satisfied with present exports.
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– The lobby group, American Pulse Growers, is hoping 2016 will shed more light on how big a role pulses play in US agriculture. Next year has been designated as International Year of the Pulses by the United Nations, and intended to raise awareness over the benefits of pulses. According to the pulse growers group, the US grows 3.4 million acres of pulse crops annually, which yield more than 2.4 million metric tons of dry peas, lentils, chickpeas (garbanzo beans) and bean varieties (e.g., black, kidney, pinto). 65% of that is sold to other countries.
– A farm management specialist with North Dakota State University says chickpeas and lentils are providing some of the best returns to state growers. In a release by NDSU Agriculture Communication, Andy Swenson says lower crop prices will more than offset a general improvement in yield and costs relative to 2015 projections. However projections for lentils, mustard and chickpeas are the best, generally ranging from a $50 to $70 return to labor and management per acre in the regions for which there are budgets. Because of disease issues, lentils and chickpeas are grown only in the western part of the state.
– Black beans in the 22-46 cents per pound range are being reported in Western Canada, by the Prairie Ag Hotwire. Meanwhile, black beans in North Dakota are going for 19-32 US
cents per pound.
