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Pulses: Yellow pea prices shoot upwards south of the border

By Dave Sims, Commodity News Service Canada

Winnipeg, February 15 – Prices for green peas in Western
Canada are down 50 cents on the month, according to the Prairie
Ag Hotwire. Prices across the Prairies were hanging in a range
of C$8.00-$9.00 per bushel.
Prices for green peas in Washington and Idaho jumped 52
cents over night to hit a range of C$8.24-$8.92 per bushel. Bids
for yellow peas also jumped in the two states overnight by a
whopping C$2.00 a bushel to hit C$10.13-$10.45 a bushel.

The USDA’s Commodity Credit Corporation office is looking
for 4,000 tonnes of pulses for use in its food aid program.
A powerful business group in India is imploring the
government to lift the export ban on pulse crops. The India
Pulses and Grain Association asked the government to review and
remove the ban as market prices have fallen below the minimum
support payment level. The country is also expecting to produce
more than 21 million tonnes of pulses due to a better monsoon
season. The association says lifting the ban would help farmers
get additional income for their operations.

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