STAT Communications Ag Market News

Peas Maintain Firm Tone

PANAMA - May 24/24 - SNS -- International field pea markets finished the week's trading on a firmer note despite efforts by India to encourage a record harvest across the coming 2024-25 production cycle.

The government wants to see production of all pulses leap from an estimated 24.96 million metric tons (MT) in 2023-24 to 29.9 million from the coming kharif and rabi season harvests.

Reaching those targets would require well distributed monsoon season rainfall accumulations, possibly above average yields, a significant increase in seeded area, higher minimum support payments (MSP) along with higher open market returns to farmers throughout 2024-25.

Chickpea Maintain Tone

PANAMA - May 24/24 - SNS -- Markets for chickpeas maintained their recent firm tone during the past week.

Kabuli markets were helped by doubts about India's export potential for that class at a time when it appears to be struggling to meet domestic needs for both chickpeas and other pulses from local harvests.

Current price activity for chickpeas on India's domestic market underscores thoughts among some market participants that its 2023-24 pulse production estimates are optimistic.

Mustard Unchanged In Quiet Trade

PANAMA - May 24/24 - SNS -- North American mustard seed markets were largely unchanged in quiet trading…

Birdseeds Manage Firmer Close

PANAMA - May 24/24 - SNS - North American birdseed ingredient markets managed a somewhat firmer finish…

Quiet Week For Dry Beans

PANAMA - May 24/24 - SNS --International dry 4edible bean markets were little changed in seasonally light…