By Commodity News Service Canada
Winnipeg, Feb. 22 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Monday, February 22.
– Canada exported 76,700 tonnes of peas during the week ended February 14, with 1.713 million tonnes of the pulse crop now exported to date, according to the latest Canadian Grain Commission data. That remains well ahead of the 1.558 million tonnes exported during the same timeframe the previous year. No lentils were exported during the week, although total exports of 554,000 tonnes are about 200,000 tonnes ahead of the year ago pace.
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– India remains at the forefront of the global pulse market, as shortages there over the past year have driven up prices around the world. While the situation is stabilizing, efforts are underway to improve domestic production. The country’s Group of Secys is reportedly advocating for the approval of two genetically modified crops – chickpeas and pigeon peas – to help boost yields.
– The inflation rate in Nepal hit a seven year high of 12.1% in January, according to the Nepal Rastra Bank. A rise in pulse prices was a major factor in the overall increase, as pulses were up by 46.9% on the year.
– Green pea prices in the C$9.00 to C$9.50 per bushel range are being reported in Western Canada, with top-end bids declining by 25 cents over the past week. Meanwhile, yellow peas remain strong, with bids as high as C$14.25 per bushel reported in some locations. Red lentil bids as high as 54 cents per pound are being reported in some locations, while number two large green lentils are now hitting prices as high as 71 cents and number ones have topped 76 cents at some locations.
– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 46 cents per pound.
