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Pulses: Bangladesh and Myanmar focus on trade agreement

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Published: October 11, 2016

By Dave Sims, Commodity News Service Canada

Winnipeg, October 11 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, October 11.

– The University of Saskatchewan’s Crop Development Centre is looking into ways of developing low-phytate peas. According to a report by Farm Credit Canada, the change would deliver more iron to consumers’ diets.

– Bangladesh and Myanmar plan to talk in November about launching a costal shipping line together. For years, many small boats from Myanmar have made their way into Bangladesh where they sell basic goods on the black market. An agreement on coastal shipping rules would change much of that. Lentils are one of the main items bought by Bangladesh from their neighbors. The talks are scheduled to start next month.

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– A report by the United Nations’ Food and Agriculture division says efforts are underway to find pulses that can be cooked in relatively short order. Researchers from the USDA are exploring the potential of plant breeding to meet the challenge. The report says the team has already found one type of bean, which after being pre-soaked for 12 hours, can cook in 15 minutes. Officials say the discovery is an important one as more of the world demands fast cooking food.

– According to APK-Inform Agency, Russia exported 3,000 tonnes of peas during the week of October 3-9.

– Green peas are currently attracting prices of C$6.50 to C$7.50 per bushel at elevators across Western Canada, according to the Prairie Ag Hotwire. The same peas are going for C$5.93 to C$6.58 per bushel in North Dakota and C$7.90 to C$8.69 per bushel in Washington/Idaho.

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