MarketsFarm — The window of opportunity for Canadian pulses to be exported to India may rapidly be closing, according to a recent announcement from India’s agriculture minister. At a World Pulses Day event on Monday, Narendra Singh Tomar said the country is on track to self-sufficiency. Last year, the country consumed about 27 million tonnes […] Read more
Pulse weekly outlook: India aims to boost production
Pulse weekly outlook: Uncertainty pervades markets
MarketsFarm — The price spread between green and yellow peas continues to widen in Western Canada, but whether or not that trend will continue remains to be seen. Numerous outside factors lend a general air of uncertainty to the pulse market, according to a pulse trader. Green peas typically trade at a premium to yellow […] Read more
Pulse weekly outlook: India pulse estimates improve
MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops. Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that […] Read more
Pulse weekly outlook: Red lentils see some strength
MarketsFarm — The red lentil market in Western Canada is seeing some life to start the New Year, with improved bids creating some marketing opportunities. “Green lentil prices have been steady since the end of 2019, but red lentils are the one that’s jumped,” said Kevin Silzer, vice-president with Rayglen Commodities in Saskatoon, noting red […] Read more
Pulse weekly outlook: Drop in India’s production may lead to lower duties
MarketsFarm — There’s a possibility the government of India could lower its import duties on pulses, including those from Canada, according to reports. With India’s monsoon rains having continued longer than usual, production of the country’s kharif (summer) pulse production fell by almost two million tonnes. Prior to the monsoons, market expectations called for 10.1 […] Read more
Grain World: Farm consolidation key to increasing yields
Saskatoon | MarketsFarm — Consolidating farms — going from numerous small operations to fewer, but much larger, farms — is central to improving crop yields, according to grain industry observers Neil Townsend and Jason Newton. Townsend is the chief market analyst for FarmLink Marketing Solutions, while Newton is the chief economist and head of marketing […] Read more
Grain World: Opportunities great for Canadian pulses, AGT CEO says
Saskatoon | MarketsFarm — To Murad Al-Katib, the opportunities for Canadian pulse exports to India are amazing, provided one correctly understands the context of India’s tariffs on pulses. Also, he said, those Canadian exporters must realize they need to switch from being solely dependent on commodities to adding value by shipping food and ingredients. “We […] Read more
Grain World: Geopolitics is back dominating global relations
Saskatoon | MarketsFarm — Geopolitics is again shaping the international scene, including China, Jason Shapiro explained here Thursday at the Grain World conference. Geopolitics, he said, resulted in catastrophic global wars and generated very little peace for close to a century. Shapiro, director of analysis for Geopolitical Futures — an Austin, Tex.-based international risk analysis […] Read more
Pulse weekly outlook: FCC sees opportunities for exports
MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more
India looking to import pulses
MarketsFarm – Although India has prioritized producing their country’s own pulses self-sufficiently, unprecedented rainfall in October and November could turn the country back to relying on imports. A statement from the chairman of the Indian Pulses and Grains Association (IPGA), Zaverchand Bheda, said as much as 50 per cent of the urad pulse crop was […] Read more
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