GFM Network News


Pulse weekly outlook: Lentil prices off pandemic peak

Reading Time: < 1 minute MarketsFarm — Lentil prices received a bit of a bump earlier in the year from peak pandemic panic-buying, but have subsided in recent weeks. “At the beginning, a lot of people were buying, which led to a spike in prices,” explained Marcos Mosnaim of Globeways Canada in Mississauga. “That scarcity has come down a lot.” […] Read more

India’s levy cut on lentils part of balancing act

Global markets had zero or little forewarning of decision

Reading Time: 2 minutes MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically […] Read more


Pulse weekly outlook: Levy cut an opportunity for Canadian lentils

Reading Time: < 1 minute MarketsFarm — Canadian lentils should benefit from India lowering its import levy on lentils from 30 to 10 per cent, said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. The announcement, made June 2, was intended to reduce lentil prices in the country. India’s Ministry of Agriculture and Farmers’ Welfare estimated the lentil crop […] Read more

India to let farmers sell produce directly to traders, retailers

Current system seen reducing farmer bargaining power

Reading Time: < 1 minute New Delhi | Reuters — India is to allow farmers to sell produce directly to bulk buyers such as trading companies, food processors and large retailers, the farm minister said on Wednesday. This would obviate the need for farmers to bring their produce to India’s more than 7,000 regulated wholesale markets and let buyers buy […] Read more


India reduces tariffs on lentils

Reduction set for all lentil imports except from U.S.

Reading Time: < 1 minute MarketsFarm — India is temporarily reducing import tariffs on lentils originating from most countries. The India government’s Central Board of Indirect Taxes and Customs on Tuesday posted “Notice 26/2020-Customs,” which lowers import taxes on most lentils entering the country, from 30 per cent to 10 per cent. The reduction, which takes immediate effect, runs until […] Read more

Pulse weekly outlook: Chickpeas recover from previous lows

Reading Time: < 1 minute MarketsFarm — Chickpea prices have recovered slightly from lows hit around the end of 2019, but they’re still a long way off historic highs from years past. Ahead of the 2018 growing season, chickpea prices were around 50 to 60 cents/lb. for growers, according to Darwin Hamilton of Kalshea Commodities in Winnipeg. Currently, large chickpea […] Read more


Pulse weekly outlook: Lentil exports up on year

Reading Time: < 1 minute MarketsFarm — Canadian lentil exports are running well ahead of the year-ago level, according to the latest numbers. Canada exported 267,462 tonnes of lentils in March, the second-highest monthly total of the crop year to date and well above the 130,980 tonnes exported during the same month the previous year. The United Arab Emirates was […] Read more

Logistics, lack of containers hamper pulse crop movement

Reading Time: 2 minutes MarketsFarm — Logistics disruptions due to COVID-19 are hampering nearby movement of pulses, according to a number of industry participants speaking Thursday on a webinar organized by the Global Pulse Consortium. However, the longer-term impact of the pandemic remains to be seen. “The shipping industry has been hugely impacted by COVID-19,” Chris Oliver, nautical director […] Read more


Pulse weekly outlook: Lack of willing sellers underpins prices

Reading Time: < 1 minute MarketsFarm — Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus of […] Read more

Unseasonal rain, hail damage winter crops in India

Crop quality issues may pressure prices

Reading Time: 2 minutes New Delhi | Reuters — Unseasonal torrential rains and hailstorms have damaged the winter-planted crops of millions of Indian growers, inundating wheat, potato, chickpea and rapeseed farms in large parts of the fertile northern plains, farmers said. Most farmers were caught by surprise by the repeated rain and hail that has lashed fields full of […] Read more