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Pulses: Brazil looks to import beans

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Published: June 23, 2016

By Dave Sims, Commodity News Service Canada

Winnipeg, June 23 – Following are a few highlights in the Canadian and world pulse markets on Thursday, June 23.

– The United States Department of Agriculture has purchased US$3.3 million worth of pinto beans from domestic growers for use overseas. The sale works out to 86,416 hundredweight (cwt) of beans. The pulses are earmarked for the food aid program.

– The rising price of carioca beans (pintos) in Brazil has prompted the government to begin importing beans from other countries. The country’s agriculture ministry says it will look at beans in Argentina, Paraguay and Bolivia for purchase and may even consider buying some from China and Mexico as well.

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– More field peas are being planted in Western Australia, according to a report in Farm Weekly. A lack of disease pressure and favourable prices are cited as reasons behind the increase. Plantings are estimated to be 30 per cent higher in the Kwinana and Albany zones.

– Prices for peas in the Indian State of Madhya Pradesh have declined noticeable since the government began seizing pulses from merchants suspected of hoarding them, according to a report in TheHinduBusinessOnline.com.

– Dark kidney beans are attracting prices of 29 cents (Canadian) per pound at elevators across Western Canada. In North Dakota, farmers are getting prices of 39 to 41 cents (Canadian) per pound, according to the Prairie Ag Hotwire.

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