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Pulses: Bangladesh temporarily lowers lentil prices

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Published: September 8, 2016

By Dave Sims, Commodity News Service Canada

Winnipeg, September 8 – Following are a few highlights in the Canadian and world pulse markets on Thursday, September 8.

– More pressure could be coming to chickpea prices in Australia, according to a story in The Land. Values reached a higher of AU$1,200 per tonne last season but have since dropped to AU$700 per tonne, largely due to increased global acreage.

– The approaching holiday of Eid-Ul-Azha in Bangladesh has prompted the government to open market sales of pulses and other commodities at reduced prices. Approximately 180 trucks are crisscrossing large urban areas where citizens can purchase up to two kilograms of lentils.

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– Disease pressures and extreme moisture difficulties (both drought and flood) have severely reduced farmers’ ability to grow faba beans in the Amhara region of Ethiopia, according to a report by Aljazeera. Traditionally, the beans were used as a rotation crop for many barley farmers, who have since have been forced to watch their land fallow due to the disappearance of the beans. Crop-watchers say the faba beans used to provide the barley plants with badly-needed nitrogen.

– The pinto-bean harvest in North Dakota is winding down, according to a report in the Farm and Ranch Guide.

– Eston #1 lentils are currently attracting prices of 37 to 41 cents per pound at elevators across Western Canada, according to the Prairie Ag Hotwire.

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