Peas Waiting on Rabi Outcomes
VANCOUVER - Dec 26/14 - SNS -- All eyes are on rabi season pulse crops on the Indian subcontinent. How much is grown will have an impact on world trade in 2015 as well as the level of interest shown in field peas, desi chickpeas, and red lentils.
As of the fourth week of December, India's agriculture department reported that farmers had planted significantly less pulses than at that time last year. More importantly, nearly all the difference in seeded area is accounted for by reductions in gram or chickpea area.
This has caused countries like Australia, which rely on India to consume their desi chickpea crop, to become more hopeful of strong demand through next year's harvest. Yellow pea exporters in Canada and the United States are likewise hopeful that a smaller gram crop will improve demand for that class of pea.
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