Uncertainty Pervades Pea Market
PANAMA - Feb 24/17 - SNS -- International field pea markets are ending the week's trading on an uncertain note against conflicting news about whether India will grant Canada another extension, allowing it to ship pulses to the country without fumigating them with methyl bromide.
Initial reports from the office of Canada's Agriculture Minister and from Ministers in India clearly stated that the current exemption would be allowed to expire on March 31.
That had an immediate impact on trading interest for field peas and lentils from Canada and other countries which do not allow the use of methyl bromide. This was reflected in a drop in both grower bid levels and export asking prices for Canadian lentils and field peas.
India Targets Self Sufficiency
PANAMA - Feb 23/17 - SNS -- India's government has finally stated what was already obvious, the country intends to become self sufficient in pulse production.
Under its new five-year plan, the government wants domestic pulse production to reach 24 million metric tons (MT) by the 2020-21 marketing year.
By that time, the India's population is expected to total 1,355 million, suggesting its dietary needs will range between 23.7 and 27.1 million MT.
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PANAMA - Feb 19/17 - SNS -- Lentil markets finished the week's trading on a mixed note, with some weakness…