By Dave Sims, Commodity News Service Canada
Winnipeg, July 12 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, July 12.
– China’s summer farm production was down in 2016, compared to a year earlier. According to the country’s bureau of statistics, output hit 139 million tonnes this year, down 1.2 per cent from 2015. China’s summer produce includes a number of different plants including lima beans, peas and broad beans.
– The world market for pea protein is expected to surpass US$200 million by 2023, according to a new research paper by Global Market Insights Inc. An increase in the amount of dairy and plant proteins to fulfill nutritional requirements is being given as a reason for the increase.
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– An article in Pakistan Today says the country’s agriculture sector has fallen to 21 percent of GDP in 2016. The report says the downturn is worrying as agriculture employs about 43 percent of the workforce in the country. Pakistan is the world’s 3rd largest suppliers of chickpeas in the world.
– Surging prices for chickpeas, lentils and other pulse crops are being blamed for a downturn in the restaurant industry in Northern India. According to a report in TribuneIndia.com the cost of dishes in several eateries has cut into sales. Opposition leaders to the government blame the problem on hoarding by local merchants and are calling on the authorities to address the situation.
– Pinto beans are attracting prices of 32-33 cents (Canadian) per pound at elevators across Western Canada. In North Dakota, farmers are getting prices of 34 to 39 cents (Canadian) per pound while in Colorado they are getting prices of 37 cents per pound, according to the Prairie Ag Hotwire.