India has restricted yellow pea imports until the end of June, according to an official statement from the Indian government. In a release to be published Wednesday in the Gazette of India, the Indian government restricted yellow pea imports from April 1 to June 30. In that time only one lakh tonne (100,000 tonnes) of […] Read more
India further restricts yellow pea imports
Pulse weekly outlook: Prairie lentils look for spark
CNS Canada — It’s not exactly a banner time for the lentil market. Prices have been steady to slightly lower over the past month as lacklustre interest and Indian tariffs on peas and chickpeas have largely dissuaded farmers from planting pulses in general. “I think the impact and extension of the impact of the Indian […] Read more
Pulse weekly outlook: Monsoon outlook bearish for Canadian crop
CNS Canada — India is forecasting an average monsoon rainfall this year, making the chance of India importing Canadian pulse crops slim. “Given the tariff scheme and the protectionist attitudes India has displayed this year, I think it will take a major weather influence to hurry up the correction to (imports),” said Marlene Boersch, managing […] Read more
Peas are a bit of bright spot in a gloomy year for pulses
Market watchers say peas have some support but India’s tariffs will weigh heavily for quite a while
Reading Time: 3 minutes It’s a bad pun, but there is a bit of a case to ‘give peas a chance’ this year. “Peas are looking better than lentils. If I had to bet on one versus the other, I would probably favour peas,” said Chuck Penner of LeftField Commodity Research. “The reason for that is we hear all […] Read more
Pulse weekly outlook: Low prices change growers’ marketing tack
CNS Canada — After years of western Canadian farmers rushing to lock in pulse crop contracts during the spring, this year that hasn’t been the case. “Normally I would say that I’d have my plant booked to December and I don’t have a single thing booked this year. But does that mean we’re not going […] Read more
Pulse weekly outlook: China/U.S. dispute could open window for peas
CNS Canada — As trade tariffs between China and the U.S. mount, so too does the potential for other countries to swoop in and plug the gap in whatever market may need filling. While U.S. soybeans are the most significant of the crops included so far in the tit-for-tat battle of proposed tariffs, it seems […] Read more
Late-summer launch for protein projects
Reading Time: < 1 minute Protein Industries Canada says it will receive up to $153 million in federal funding for its efforts to make Canada a world leader in the development of plant-based proteins. The consortium of more than 120 businesses, farm groups, universities, and other industry players is one of five groups sharing $950 million over five years from […] Read more
Pulse weekly outlook: Manitoba may give peas a chance
CNS Canada — Total Canadian pea acres are likely to be down in 2018 as export challenges have cut into prices. However, Manitoba could be an outlier, with increased area to the pulse crop a strong possibility. “People are interested in growing peas, but there’s caution there,” said Francois Labelle, executive director of Manitoba Pulse […] Read more
Pulse weekly outlook: Manitoba bean acres depend on soy
CNS Canada — After Manitoba in 2017 grew its largest edible bean crop in more than a decade, a downturn could be expected in 2018. However, new-crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in terms of […] Read more
Pulse weekly outlook: India not a guaranteed market
CNS Canada — Despite positive developments between Canada and India in regards to pulse crops, the CEO of Pulse Canada is warning producers not to rely on India as market for pulses. “India is not the market that it was eight months ago and it emphasizes the need to find alternate markets,” Gordon Bacon said. […] Read more
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