CNS Canada — When it comes to Canadian pulse crops, David Newman of Commodious Trading says producers, speculators and processors are long — and that has been of great concern to him. “You have everybody wanting to sell and you better hope that there’s someone there to take all of it,” he said. The wildcard […] Read more
Pulse weekly outlook: Market depends on India’s fortunes
AGT’s privatization to proceed
CNS Canada — AGT Food and Ingredients has announced a definitive agreement to take the publicly-traded Saskatchewan pulse and durum processing and export firm private. If all conditions are met, the deal is expected to go through in the first quarter of 2019. The buyer group, including AGT CEO Murad Al-Katib, Fairfax Financial Holdings Limited […] Read more
Pulse weekly outlook: Prairie fababeans spike on global production issues
CNS Canada — Fababean prices in Western Canada have seen a boost lately due to global production problems, but according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically […] Read more
Pulse weekly outlook: India seen becoming a pulse buyer again
CNS Canada — After a year that saw India drop off the map as a pulse importer, some industry officials expect we could soon see India re-enter the market. “Seeding is going down, the monsoons are weak. So definitely they will need to import. I see that in the next few months we will start […] Read more
Construction resumes at Portage pea plant
CNS Canada – More than a year after the ground breaking ceremony was held for Roquette’s pea-processing plant at Portage la Prairie, Man., construction resumed on it at the end of October. According to a company spokesperson construction was halted last spring “to adjust and fine tune the project.” ”We took the opportunity to include […] Read more
Manitoba edible bean harvest wraps up
CNS Canada – After a long and drawn out harvest Manitoba farmers have finally finished bringing in this year’s edible bean crop. While the late harvest raised quality concerns in the province, ample North American supplies should limit the upside price potential. “The harvest started really early, and we were moving at a pretty good […] Read more
Pulse weekly outlook: U.S. beans seen on rise for 2019
CNS Canada –– The acreage shift that played out between chickpeas and dry edible beans this year will shift again next year, Brian Clancey of marketing agency Stat Publishing predicts. Several factors lead him to that conclusion, he said. Canadian growers ship large numbers of beans and chickpeas to the U.S., and the production and […] Read more
Pulse weekly outlook: Canada’s sales a day-to-day business
CNS Canada — Canada’s pulse crop trade hasn’t stopped, even though its biggest customer, India, isn’t taking large amounts anymore. Instead, buyers are finding themselves having to take business one day at a time and become a bit more creative. “I think everyone is in the same boat; it’s not that the market has stopped. […] Read more
Producers may not give peas a chance next year
Lentil acreage may also decline as India’s tariffs and tough growing conditions take a toll
Reading Time: 4 minutes Some Alberta producers could become former pulse growers next year if the markets don’t turn around soon. “It’s the third year in a row that they’ve been at the bottom of the net income,” said Josh Fankhauser, who farms near Claresholm. “The math just doesn’t work.” Yellow peas have been part of Fankhauser’s rotation for […] Read more
Pulse weekly outlook: India extends pea, lentil tariffs
CNS Canada — The Indian government has again extended its import restrictions on peas, this time until Dec. 31. India late last year initiated duties of 50 per cent on imported peas and 30 per cent on lentils and desi chickpeas. It has since raised the lentil tariff to 60 per cent. In effect, the […] Read more
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