CNS Canada — Following are a few highlights in the Canadian and world pulse markets on Tuesday morning, Oct. 13.
• India is reportedly mulling over the creation of an intelligence agency designed to track the supply and demand of pulse crops, both in the domestic and international market. The issue was sparked by the sudden rise in the prices of essential commodities like pulses, along with tomatoes, onions, potatoes and edible oils.
• India has invited bids from Australian producers for 1,000 tonnes of soybeans.
• The feed pea benchmark compiled by the Saskatchewan Pulse Growers and Alberta Pulse Growers ranged from C$296 per tonne in Manitoba to as high as $341 per tonne in Saskatchewan during the period of Oct. 6-10. Those values are up from the previous reporting period when the range was C$275 to $327 for the same regions.
• Chickpeas continue to be a volatile crop for many farmers in Australia. According to one report, prices in the southeast corner of the country (New South Wales) temporarily dropped $100 within the past three weeks. Heavy fungicide applications have also been required.
• Pea protein is shaping up to be a challenger to soy protein, according to a report. In order to meet growing pea protein demand, protein and food ingredient companies are mulling ways to increase mill capabilities within North America.