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Pulses: Bangladesh slashes subsidies on pulses

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Published: June 22, 2016

By Dave Sims, Commodity News Service Canada

Winnipeg, June 22 – Following are a few highlights in the Canadian and world pulse markets on Wednesday, June 22.

– Heavy rains in Manitoba have cut into acreage estimates for the edible bean crop in the province. This year’s crop is pegged at 100,000 to 120,000 acres, down from last year’s total of 128,000 acres.

– Pulses are slowly becoming too expensive for many Indian residents. According to a report in the India Tribune, prices for dal, which is normally made from chickpeas, have risen by 31.5% over the past month. The report said that if they rose much more the food would be unaffordable for the poor.

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– Bangladesh has cut back on sales of subsidized pulses in the country. According to a report in The Daily Star, the Trading Corporation of Bangladesh suspended sales at eight stands that had been operating in the Rangpur division. One merchant told the newspaper he thought the government was making a mistake however and accused officials of siding with certain traders.

– Black beans are attracting prices of 25 cents (Canadian) per pound at elevators across Western Canada. In North Dakota, farmers are getting prices of 31 cents (Canadian) per pound while in Michigan they’re getting 35 cents (Canadian) per pound, according to the Prairie Ag Hotwire.

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