By Dave Sims, Commodity News Service Canada
Winnipeg, February 4 – Following are a few highlights in the Canadian and world pulse markets on Thursday, February 4.
– The new chickpea crop in India is expected to be bigger in many locations but smaller in others. According to data tabulated by the Agriculture Ministry, the states of Maharashtra, Andhra Pradesh and Karnataka should have higher acreage numbers than last year. However the total is lower in Rajasthan.
– A new report by Marketsandmarkets.com says the pea protein market is expected to be worth US$34.8 million by 2020. Rapid growth in both food and beverages in China and Japan is expected to help pace the way. In 2015, the report pegged the pea protein market at just US$22.8 million.
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– According to the USDA, yields for dry edible beans in the US are expected to be lower this year. The average yield is projected to be 1,743 pounds per acre which is 10 pounds less than last year.
– Pink beans in Western Canada are currently priced at 43 cents per pound (elevator highs), according to Prairie Ag Hotwire. Pinks in North Dakota (elevator highs) are listed at 39 cents per pound.