Pulses: Mexican pinto bean crop to curb U.S. exports

CNS Canada –– Following are a few highlights in the Canadian and world pulse markets on Friday morning, Oct. 16.

• There is good demand for chickpeas in the cash market as supplies are very limited due to festival season going on in India. The government has issued a fresh notice that duty free chickpeas will be allowed until Dec. 31, 2015.

• Lentils stand to be one of Australia’s more-lucrative cash crops as prices near the A$1,000 (C$939) per tonne mark, according to a report.

• The president of AGT Food and Ingredients Inc. says the acquisition of Mobil Capital Holdings and its subsidiary companies will help the company compete more effectively in pulse markets around the world. The company produces a full range of pulse crops including lentils, peas, chickpeas, beans along with pulse flours, proteins, starches and fibres.

• Pinto bean growers in the U.S. are facing increased competition from Mexican farmers. The market is largely driven by exports to Mexico, but that country has had another good growing season of its own, according to a report. Mexican farmers have enjoyed the use of better seed varieties over the past three years which had made the difference. Fortunately, the Dominican Republic is expected to pick up some of the slack with purchases from the U.S.

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