By Commodity News Service Canada
Winnipeg, March 7 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Monday, March 7.
– India remains at the forefront of the global pulse market, with the latest news out of the country including a report from the Times of India that the government has recently purchased 8,500 tonnes of dal for import. The government has reportedly purchased 51,000 tonnes of pulses to create a buffer stock during the kharif season, which was up from the target of 50,000 tonnes.
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– Canada exported 25,300 tonnes of peas during the week ended February 28, but only 100 tonnes of lentils, according to the latest Canadian Grain Commission data. Exports of both pulse crops are running well ahead of the previous year’s pace, with 1.7 million tonnes of peas and 555,000 tonnes of lentils exported to date.
– Researchers at the University of Saskatchewan have released a first draft of the lentil genome, which should help in variety development going forward. The research was conducted in collaboration with researchers from around the world as part of an international genome sequencing project.
– Production issues with Mexico’s chickpea crop are threatening to cut into production there, which should underpin Kabuli prices, according to reports.
– Green pea prices in the C$8.55 to C$9.50 per bushel range are being reported in Western Canada. Meanwhile, yellow peas remain strong, with bids as high as C$14.50 per bushel reported in some locations. Red lentil bids have come down over the past week, with bids of 48 cents per pound now being reported in some locations. Meanwhile, number two large green lentils are now hitting prices as high as 75 cents and number ones have topped 77 cents at some locations.
– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 45 cents per pound.