By Dave Sims, Commodity News Service Canada
Winnipeg, January 5 (CNS) – According to a report by APK-inform, Russia has shipped 216,000 tonnes of peas to India since Aug. 1, 2017. However, the report says shipments have slowed down considerably over the past month due to India’s decision to raise tariffs on pulse imports.
Wholesale pulse prices in India continue to decline. According to a report on The Indian Express, some pulses are down as much as 30 per cent on the wholesale market since November. Last month, the Indian government raised duties on chickpeas by 30 per cent. The downtrend is worrying some merchants who fear the price will drop even more. A spokesman for enterprise group Agggarawal Brothers called on the government to impose a total ban on pulses to improve prices.
Crimson #2 lentils declined half a cent and are priced at 26 to 18.5 cents per pound.
Green peas fell 25 cents and are now locked in a range of C$6.25 to C$8.00 a bushel.
Dark kidney beans were down one cent over the past week at 38.5 cents per pound.