By Commodity News Service Canada
Winnipeg, Dec. 13 (CNS) – Less than a year after the South
Dakota Pulse Processors plant started operating it is already
facing money issues, according to a report in the Capital
Journal. The plant in Harrold, S.D. began processing yellow
field peas and lentils last January following a much delayed
building process. It was built to encourage South Dakota farmers
to plant pulses as previously they had to haul pulse crops to
North Dakota and Nebraska. The plant was partly funded for
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approximately US$3 million. Now however, the plant has laid off
one of seven employees and has convinced its landlord to stop
collecting its monthly US$14,000 monthly lease payment.
A report from the International Grains Council is
estimating the worldwide pulse trade will grow by five per cent
this year. The expansion in the import and export of pulses is
tied to an increased demand from Far East Asia and Africa.
Canada, the world’s largest pulses exporter, is forecast to
export 5.864 million tonnes in 2017, a three per cent increase
in shipments from the 2016 estimate.
Most pulse bids in Western Canada have dropped in price
over the last week, according to the latest data available from
the Prairie Ag Hotwire. Over the last week Laird X3 lentil bids
have dropped eight cents to 21 to 23 cents per pound. Kabuli 8
mm chickpea bids have dropped five cents to 40 to 41 cents per
pound. Green pea bids have dropped 50 cents to C$7 to C$8.50 per
bushel.
