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Pulses: Global pulse prices lower with more production

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Published: August 5, 2016

By Commodity News Service Canada

Winnipeg, August 5 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Friday, August 5.

– Canada exported 300 tonnes of peas during the week ended July 31, according to the latest Canadian Grain Commission data, as well as 300 tonnes of beans.

– The global pulse market is seeing prices drop as farmers shift to take advantage of high global values. Russian farmers have doubled production of Kabuli chickpeas, which are starting to be harvested, weighing on prices. Massive yellow pea crops planted in the Black Sea, Western Europe and North America are in generally good condition, according to reports, also weighing on the market.

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– The USDA’s Commodity Credit Corporation office has requested offers for 7,500 tonnes of pulses for shipment as food aid, according to the USDA. They are buying pulses in 50 kilogram bags.

– Top end green pea prices fell 25 cents to sit at C$8.75 per bushel in Western Canada, according to Prairie Ag Hotwire.

– Desi chickpea prices in Western Canada remain steady, trading at 31.0 cents per pound, according to Prairie Ag Hotwire.

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