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Pulses: Beleaguered farmers find silver lining in chickpeas

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Published: February 2, 2016

By Dave Sims, Commodity News Service Canada

Winnipeg, February. 2 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, February 2.

– According to India’s ministry of agriculture the trade deficit between it and the country of Myanmar is growing. In 2014/15 India exported $84.9 million worth of soybean oilcakes, lentils and other agricultural commodities to Myanmar. However, in return, India imported $845.8 million worth of moon dal, chickpeas, turmeric and other foodstuffs. The ministry says the deficit is so high right now due to the high value of pulses.

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– Cotton farmers in New South Wales saw their fields ripped up by a super cell storm on Friday that also brought 70 millimetres of rain in some areas, according to a report in abc.net.au. However, while the cotton crop was mostly erased some farmers are likely to plant chickpeas now due to the good moisture conditions.

– The December consumer price index in Belize (compiled by the country’s statistical institute) shows that falling prices for red kidney beans in the country has helped offset higher meat prices, according to a report in reporter.bz.

– Kidney beans in Manitoba are currently priced at about 31 to 33 cents per pound, according to Prairie Ag Hotwire. Prices have improved slightly over the past month, but are as much as 40 cents off their highs for the year.

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