Pulses: Bangladesh puts the kibosh on price-hikes for lentils

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Published: May 11, 2016

By Dave Sims, Commodity News Service Canada

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

– According to a report by Angel Commodities, an agri-commodity house in India (NCDEX) has raised the cash margin to 45% on chickpea buyers and 10% on sellers. The government is also expected to release more chickpeas from its buffer stock in a bid to keep prices in check.

– Bangladesh is warning merchants against hiking prices for commodities like lentils in the lead-up to Ramadan. The holiday begins the first week of June. Some reports out of the country suggest prices for certain foods are already rising gradually. The Parliamentary Standing Committee monitoring the issue says 14 teams of inspectors will begin checking markets within the next few days.

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– Although prices for chickpeas in Australia are sky-high, officials with Agri-foods Australia warn they could go even higher. A report in abc.net.au suggests the price could move if the Indian crop continues to get downgraded.

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