CNS Canada — The plunging value of the lira is threatening to curb sales of Canadian lentils to Turkey — traditionally one of Canada’s biggest customers for the pulse. The Turkish lira hit a record low on Monday as soaring inflation and political turmoil sent the currency plunging relative to the U.S. dollar. At the […] Read more
Turkish currency crisis casts cloud over lentil exports
Pulse weekly outlook: Heat blast threatens chickpea yields
CNS Canada — Temperatures as high as 38 C were recorded in the western Prairies over the weekend — and with that heat comes questions about crop impact. Lentils and peas are far enough along that the recent heat wave is unlikely to affect them from a yield perspective, according to Carl Potts of Saskatchewan […] Read more
Some Canadian Exotic Grains customers compensated
CNS Canada — A few producers who did not receive payment from Canadian Exotic Grains Ltd. have been compensated through the Canadian Grain Commission’s Safeguards for Grain Farmers Program, the commission said Tuesday. Canadian Exotic Grain’s grain dealer license was revoked April 26 after the company was unable to pay producers. On June 4, Saskatchewan […] Read more
Drought cuts into Australian chickpea prospects
CNS Canada – Expectations for Australia’s chickpea crop have been drastically cut to one-third of last year’s production. The dry growing season will limit the crop’s potential this year to about 300,000 tonnes, according to a report from Pulse Australia. Nick Goddard, chief executive officer of Pulse Australia, told a local news outlet that important […] Read more
Saskatchewan harvest underway: Report
CNS Canada – Harvest operations are underway in parts of southern Saskatchewan, according to the weekly crop report from Saskatchewan Agriculture. Crops were reportedly rapidly drying down across the province, with many pulse crops being desiccated. Most crops remain in fair to excellent condition, although later-seeded crops need rain to help heads and pods fill, […] Read more
Pulse prices feel pressure from rising ending stocks
CNS Canada – Increasing pulse ending stocks are going to continue to play into pulse crop prices in Canada, according to the latest update from Farm Credit Canada’s (FCC) ag economics team. “We’re still expected to see ending stocks increasing. So as we continue to see that ending stocks increase, that stock-to-use-ratio that we’d see […] Read more
AGT managers seek to take company private
CNS Canada — Plans are afoot to take publicly-traded Saskatchewan pulse and specialty crop processing firm AGT Food and Ingredients private. AGT, in a release Thursday, said it has received a non-binding proposal from a senior management group, led by company CEO Murad Al-Katib, to acquire all its issued and outstanding common shares. The proposal […] Read more
Pulse weekly outlook: Manitoba beans podding, flowering
CNS Canada — A lack of moisture continues to plague Manitoba’s edible beans, but according to one specialist, the crop should still enjoy another strong year. “Most areas have gotten just enough rain to keep things in good condition,” said provincial pulse specialist Dennis Lange. The Winkler region, long considered a major planting area for […] Read more
Pulse import plunge in India to ripple across Canada, Australia
Mumbai | Reuters — Pulse imports to India, the world’s biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, impacting the plans of its global suppliers. The reduction in imports illustrates the government’s steps to raise the prices of pulses, […] Read more
Pulse weekly outlook: Wider price spreads likely with big chickpea crop ahead
CNS Canada — Canadian farmers planted their largest chickpea crop in more than a decade in 2018, with the bigger crop likely to lead to a wider price spread between larger- and smaller-calibre supplies. Statistics Canada has placed chickpea acreage for 2018 at 468,900 acres, which would be well above the 160,000 acres planted in […] Read more