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Pulses: Spanish pulse demand surges

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Published: December 19, 2017

By Dave Sims, Commodity News Service Canada

Winnipeg, December 19 (CNS) – Demand for pulses in Spain is rapidly outpacing domestic demand, according to a report by the USDA’s attaché for the country. The report says with the exception of dry beans, most pulse production in Spain is done through non-irrigated methods. The weather in 2017/18 has been dry, which has lowered yields and prompted the country to import supplies. Lentils and chickpeas compete with winter grains for area and share the same crop cycle.
According to a report by farmonline.com, chickpea bids fell another AUD$50 to AUD$680 in Brisbane, Australia over the past week. Waning demand from India is cited as a main factor behind the decrease. Increasing supplies from the Black Sea region are also forcing their way onto the world stage, which is undermining prices.

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Crimson #1 lentils in Western Canada rose half a cent, according to the latest information from the Prairie Ag Hotwire. Bids are listed at 17 to 19 cents a bushel.
Green peas dropped by a quarter of a cent to C$6.25 to C$8.25 a bushel.
Yellow peas rose a quarter of a cent to C$5.75 to C$7.25 a bushel.
Bids for navy beans were up half a cent at 26 cents a pound.

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