By Dave Sims, Commodity News Service Canada
Winnipeg, May 12 – Following are a few highlights in the Canadian and world pulse markets on Thursday, May 12.
– Lentil prices in India have more than doubled over the past year, with lower production volumes in 2015/16 leading to a 117% cost increase, according to commodities analyst Mintec. The company also said India’s lentil production will be reduced by 18% this year, to 400,000 tonnes.
– An editorial in The Daily Star calls recent cost hikes in lentils and chickpeas baffling for the people of Bangladesh. The authors of the piece say it isn’t new for consumers to pay more during the month of Ramadan or any major festival, but they point out Ramadan doesn’t begin until June and the practise reeks of excessive profiteering. It is calling on the government to take action.
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– Pakistan’s commerce minister is trying to increase the amount of exports his country sends to India. At a business meeting in Islamabad on Wednesday, Khurram Dastgir said more green peas could be sent to India and put into storage units. However, he said India should set up a duty regime with Pakistan that benefits both sides.
– Cranberry beans are attracting prices of 36 cents (Canadian) per pound at elevators across Western Canada. The same beans are going for 38.5 (Canadian) per pound in Michigan, and 45 cents (Canadian) per pound in Washington/Idaho.
