By Commodity News Service Canada
Aug. 31 (CNS Canada) – The United States Department of Agriculture reports slow trading activity with good demand in its weekly dry bean, pea and lentil report for the week ending Aug. 29. It reported that the dry edible pea harvest was 81 per cent harvested in Idaho, 83 per cent in Washington, 85 per cent in North Dakota and 94 per cent in Montana. Some new crop prices are starting to appear.
According to Rayglen Commodities Inc., chickpea prices remain strong this week, despite an estimated increase in American acres from the latest USDA report. Average yields are expected to decline to offset the increased acreage. Canadian chickpea yields are expected to come in 10 per cent below the five-year average. That should place this year’s crop at 120,000 tonnes compared to 135,000 tonnes in 2016.
India has relaxed restrictions on beans and other pulses from Myanmar, following negotiations. The new rules allow for contracts in which advance payments were issued before Aug. 5. India previously announced a 200,000 ton import quota on pigeon peas and 300,000 tons on mung beans and green grams.
