Reading Time: 4 minutes Some Alberta producers could become former pulse growers next year if the markets don’t turn around soon. “It’s the third year in a row that they’ve been at the bottom of the net income,” said Josh Fankhauser, who farms near Claresholm. “The math just doesn’t work.” Yellow peas have been part of Fankhauser’s rotation for […] Read more
Producers may not give peas a chance next year
Lentil acreage may also decline as India’s tariffs and tough growing conditions take a toll
Pulse weekly outlook: India extends pea, lentil tariffs
CNS Canada — The Indian government has again extended its import restrictions on peas, this time until Dec. 31. India late last year initiated duties of 50 per cent on imported peas and 30 per cent on lentils and desi chickpeas. It has since raised the lentil tariff to 60 per cent. In effect, the […] Read more
World Crop Briefs: Australia reaches trade deal with Indonesia
Australia has agreed to a trade agreement that could see it export as much as 500,000 tonnes of feed grains into Indonesia tariff free in the first year. The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) includes provisions for a five per cent increase in allowable tariff-free feed grains into Indonesia each year. The agreement is […] Read more
Pulse weekly outlook: Lower lentil yields predicted
CNS Canada — After a year of market woes for lentils, it looks as though the Saskatchewan lentil yield won’t be the best either. “I think overall we would be expecting lentil yields lower than average this year, but it’s hard at this point to put a figure or a number on that,” said Carl […] Read more
Pulse prices feel pressure from rising ending stocks
CNS Canada – Increasing pulse ending stocks are going to continue to play into pulse crop prices in Canada, according to the latest update from Farm Credit Canada’s (FCC) ag economics team. “We’re still expected to see ending stocks increasing. So as we continue to see that ending stocks increase, that stock-to-use-ratio that we’d see […] Read more
World’s ‘affection’ for Canada will help in trade diversification: Carr
Ottawa | Reuters — There is “an awful lot of affection for Canada” around the world that will help the government’s push to diversify exports away from the United States, the country’s new trade minister said on Thursday, as ties with Washington become more strained. Winnipeg MP Jim Carr, previously the minister for natural resources, […] Read more
Pulse import plunge in India to ripple across Canada, Australia
Mumbai | Reuters — Pulse imports to India, the world’s biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, impacting the plans of its global suppliers. The reduction in imports illustrates the government’s steps to raise the prices of pulses, […] Read more
Pulse weekly outlook: Peas may find opportunities ahead
CNS Canada — Ongoing trade disputes between the U.S. and several other countries might offer short-term opportunities for Canadian peas, but do the overall industry no good, according to the executive director of Saskatchewan Pulse Growers. Carl Potts said ppeas could potentially find access to markets where the U.S. has been shut out, or in […] Read more
India extends crop fumigation exemption until year-end
Paris/Mumbai | Reuters — India has extended by six months to the end of 2018 an exemption to its policy for crop cargoes to be fumigated with methyl bromide, a move that should facilitate continued imports of pulses and wheat. The Indian government has issued a letter announcing the exemption would be extended to Dec. […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
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