By Dave Sims, Commodity News Service Canada
Winnipeg, January 2 (CNS) – Chinese demand for Canadian yellow peas is set to expand dramatically in the next few years, according to a story in The Western Producer. A delegation of agriculture experts from Canada recently toured parts of the Asian country as part of a trade mission. They found one processing plant plant that is already consuming 400,000 tonnes of Canadian peas annually, but would be expanding soon to take another 300,000 tonnes. That would increase Canadian exports by 30 per cent. However, there are also plans to expand other plants which would increase consumption even more.
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Indian import tariffs are cutting into the Australian pulse industry. According to The Weekly Times, desi chickpeas have fallen by AUD$330 to AUD$650 a tonne while nugget lentils are down AUD$225 to AUD$465 a tonne. Faba beans and lupins have also softened in price.
On the Canadian Prairies, Laird #1 lentils are hanging steady in a range of 31 to 36 cents per pound, according to the latest information from the Prairie Ag Hot Wire.
Kabuli chickpeas (10mm) were also keeping firm at 74 to 75 cents per pound.
Black beans were priced at 27 to 32 cents per pound.