By Dave Sims, Commodity News Service Canada
Winnipeg, June 6 – Following are a few highlights in the Canadian and world pulse markets on Monday, June 6.
– Prices for kabuli chickpeas in Mexico and India have risen sharply, according to a report by Pulse Alberta. That increase has resulted in higher prices for Canadian large calibre Kabulis too. The report says the reasons for the increase were that chickpea production in 2015/16 was down in Canada while export demand spiked. India and Mexico saw their production fall which further pressured the market and the next crops from those two export giants won’t be on the market until early 2017.
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– According to the USDA, 44% of Montana’s dry edible bean crop is listed in good condition.
– A report in the India Express says efforts are being made to more divert rice paddy areas in the country into fields capable of supporting pulses and oilseeds. In 2015-16, the country imported nearly 5.8 million tonnes (mt) of pulses which were valued at $3.9 billion. The argument is being made that pulses are much more important to the country’s food needs and GDP, than water-guzzling sections of rice-paddies.
– The Michigan Bean Commission will take over the State Capitol on Wednesday to commemorate International Year of the Pulses, according to a report in brownfieldagnews.com. The commission wants to draw attention to the benefits of locally-produced beans. Officials also plan to discuss policy matters with legislators regarding transportation and school lunch programs. Michigan’s dry bean acreage is estimated to be 50 percent black beans followed by navy beans, small red beans, as well as light red kidney beans, white kidney beans, cranberry beans, and adzuki beans, according to the commission’s Joe Cramer.
– Black beans are attracting prices of 25 cents (Canadian) per pound at elevators across Western Canada and 28-31 cents (Canadian) per pound in North Dakota and 35 cents (Canadian) per pound in Michigan, according to the Prairie Ag Hotwire.