Reuters — Beyond Meat, a U.S. maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 per cent. The company said it expects to record revenue of $210 million in 2019 (all figures US$), with break-even earnings, […] Read more
Beyond Meat sees sales more than doubling in 2019
Pulse weekly outlook: Opportunities ahead for dry beans
MarketsFarm — Ongoing trade wars between the United States, Europe, and China may open the door to new markets for Canadian edible beans. According to reports, the European Union is bracing for tariffs from the U.S. on billions of euros worth of European goods, adding to the litany of other global trade wars. If trade […] Read more
Update: Vancouver lockout of longshoremen ends
Winnipeg/Ottawa | Reuters — A lockout of longshore workers at Canada’s biggest port, the Port of Vancouver, ended in a deal on Thursday after a few hours, averting a potentially massive shipping disruption, the workers’ union and employers association said. The lockout was immediately lifted and the union also withdrew its strike notice, according to […] Read more
Pulse weekly outlook: Lentils stable after recent price increases
MarketsFarm — Prices for red and green lentils have stabilized after they increased, according to Marcos Mosnaim of Globeways Canada in Mississauga. Red lentil prices began to rise about two to three weeks ago, he said, as shipments were made to India with the exporter increasing the price. “I would love to see a firm […] Read more
Manitoba ag minister upbeat about peas
MarketsFarm — Earlier this month Manitoba’s minister of agriculture, Ralph Eichler, took to Twitter to sing the praises of dry peas. “Peas will become the next successful crop in Manitoba. Thank you for believing in the future,” Eichler tweeted. Part of the minister’s optimism stems from global corporate giant Roquette constructing the world’s largest pea […] Read more
Pulse weekly outlook: Chickpea prices remain low, future bright
MarketsFarm — Lower prices are expected to lead to a drop in Canadian chickpea acres in 2019, but the future is bright for the crop as new consumer markets gain popularity. Seeded acres for chickpeas almost quadrupled between 2017 and 2018, rising from 160,000 to 442,900, respectively. Since inventory from the 2018 growing season is […] Read more
Prairie pulse processing still in next-year country
But that could change as ‘supercluster’ hands out first $40 million to spur processing on the Prairies
Reading Time: 4 minutes Chris Chivilo was nearly ready to break ground on a brand new pulse fractioning plant in Bowden when the bottom fell out of the market. “Two and a half years ago, we got very close, and then the pulse market went to hell,” said Chivilo, president of W.A. Grain and Pulse Solutions. “So we put […] Read more
Pulse weekly outlook: Planted green, yellow peas lower prices
MarketsFarm — Green and yellow pea seeding is well underway across the Prairies, causing new-crop prices to slide marginally while spot prices hold firm. As Dale McManus, a broker with Johnston Grain at Welwyn, Sask., explained, seeded acres and new crop prices have an inverse relationship: as seeded acres rise, new crop prices fall. Producers […] Read more
Pulse weekly outlook: Pulses steady in sea of uncertainty
MarketsFarm — Every spring offers its own mystery of what the growing season will bring, and this year is no different for western Canadian pulse markets. However, while the unknowns are usually linked to the weather or acreage ideas, this year also presents extra challenges for the pulse sector. India remains a major wildcard in […] Read more
Pulse weekly outlook: Most Canadian pulse acres to decline
Corrected, May 1 — MarketsFarm — Canadian farmers have been projected to plant fewer acres of pulses, according to Statistics Canada. “Keeping in mind this is the seeding intentions report based on a survey of growers from the beginning of March. It’s as current as the day it was collected,” said Carl Potts, executive director […] Read more