Chickpea Inventories Remain High
PANAMA - May 17/19 - SNS -- In its latest monthly review of Canadian chickpeas Agriculture Canada's market analysis branch in Winnipeg updated its forecast of seeded area and production for the 2019-20 marketing year. The production forecast for this year is not based on surveys of growers.
It predicts production will total 230,000 MT from 135,000 hectares, compared to 311,000 MT from 179,000 hectares last year.
Agriculture Canada forecasts exports will reach 100,000 MT in 2019-20, compared to 90,000 this season and 116,000 MT the previous marketing year. Domestic use is forecast at 68,000 MT in the coming marketing year, versus 70,000 this season.
No Changes in Beans
PANAMA - May 17/19 - SNS -- Few changes were seen in dry edible bean markets during the past week, with the focus switching to new crop shipping positions for North Americab product..
This saw the U.S. spot index for beans finished the week unchanged at 115 points. The Canadian pulse price index inched down 0.1 points to finish at 125.1, while the world pulse price index gained 0.7 points to close at 140.1.
Markets are hopeful demand for beans from Brazil improves during the 2019 calendar year. Though seeded area is down, the country is optimistic yields will improve for a modest increase in domestic production. However, residual supplies are down, resulting in no change in available supplies of domestic beans.
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