By Dave Sims, Commodity News Service Canada
Winnipeg, May 30 – Following are a few highlights in the Canadian and world pulse markets on Monday, May 30.
– Prices of lentils and chickpeas continue to rise in Bangladesh roughly 10 days ahead of Ramadan, according to a report in The Daily Star. Despite efforts by the government to keep prices down, market analysts say chickpea prices were up by 14 percent compared to the same time last month. Observers blame “dishonest” businessmen for the rise in prices.
– An economist with the National Australian Bank, Phin Zeibel, said he expects prices for chickpeas to come off their highs relatively soon. In an interview with state-broadcaster ABC, Ziebel explained recent forecasts for better weather suggest pulse production in the country will likely be returning to normal.
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– An analyst with Agrocomplex-EXPO LLC says he sees higher export potential for pulses in the Caspian Sea region. In an interview with apk-inform.com, Alexandr Fisenko said he thought that sector of crops wasn’t well developed in the Caspian region yet and could be primed for increased exports going forward.
– Growing market opportunities for black, pinto, navy and kidney beans in Mexico could prompt a major bean cannery in Minnesota to undergo a US$100 million expansion. According to a report on thonline.com, Faribault Foods’ Cannery is considering the move due to the booming demand for high-protein beans in everything from salsa to veggie-burgers.
– Red #1 lentils are attracting prices of 40-50 cents (Canadian) per pound at elevators across Western Canada, according to the Prairie Ag Hotwire.
