PANAMA - Dec 31/16 - SNS -- Markets for pulses and specialty crops were quiet during the past week as many market participants celebrated seasonal holidays and the start of the New Year.
Few changes were reported in markets, though Australian desi chickpeas gained in value in response to weather problems which affected harvest activity is some areas.
Pea and small chickpea markets were not affected by the latest seeding progress report for India's rabi season. Farmers in that country set a new record for the week, planting almost one million hectares of pulses. This lifted area sown so far to 14.81 million hectares, up from 13.11 million at this time last year and significantly higher then the previous five year average of 13.68 million hectares.
Seeding normally slows significantly after December. In recent years, it ranged between 796,000 hectares last year to a high of 1.66 million in 2013, with the recent average being 1.26 million.
Judging from seeding progress during the past week, it is easy to imagine farmers will match or exceed the record 16.19 million hectares sown in 2013-14.
This season's rabi crop will start to have an impact on demand for arrival after March. That could extend through the end of the calendar year.
India Rabi Seeding Progress to Dec 30, 2016 (hectares) 2016-17 2-Dec 9-Dec 16-Dec 23-Dec 30-Dec Pulses 11,295,000 12,174,000 13,180,000 13,825,000 14,811,000 Wheat 17,393,000 22,563,000 25,619,000 27,862,000 29,239,000 Rice 750,000 800,000 844,000 933,000 1,068,000 Coarse Cereals 4,459,000 4,483,000 4,853,000 5,063,000 5,221,000 Oilseeds 7,070,000 7,223,000 7,431,000 7,808,000 7,948,000 Total 40,967,000 47,243,000 51,927,000 55,491,000 58,287,000 2015-16 4-Dec 11-Dec 18-Dec 25-Dec 1-Jan Pulses 9,983,000 11,080,000 11,706,000 12,573,000 13,112,000 Wheat 15,256,000 20,228,000 23,945,000 25,937,000 27,146,000 Rice 1,000,000 1,098,000 1,194,000 1,327,000 1,477,000 Coarse Cereals 5,140,000 4,913,000 5,251,000 5,491,000 5,629,000 Oilseeds 6,421,000 6,571,000 6,953,000 7,012,000 7,183,000 Total 37,800,000 43,890,000 49,049,000 52,340,000 54,547,000 Average Planted 4-Dec 11-Dec 18-Dec 25-Dec 1-Jan Pulses 11,185,200 11,924,800 12,524,600 13,180,600 13,684,400 Wheat 19,363,400 23,390,200 26,007,000 27,501,800 28,746,800 Rice 296,400 353,000 401,200 488,600 608,400 Coarse Cereals 4,719,000 5,019,800 5,265,000 5,426,200 5,588,800 Oilseeds 7,058,200 7,279,200 7,541,000 7,673,600 7,859,600 Total 42,622,200 47,967,000 51,738,800 54,270,800 56,488,000 % of Final 4-Dec 11-Dec 18-Dec 25-Dec 1-Jan Pulses 75 % 80 % 84 % 88 % 92 % Wheat 64 % 77 % 86 % 91 % 95 % Rice 10 % 12 % 14 % 16 % 20 % Coarse Cereals 78 % 83 % 87 % 90 % 92 % Oilseeds 83 % 86 % 89 % 90 % 93 % Total 68 % 77 % 83 % 87 % 90 % BASED on data from India's Agriculture Department
CGC Bulk Export System Update
The Canadian Grain Commission (CGC) reports 53,500 MT of bulk peas were exported through reporting terminals and primary elevators between December 12 to 18. That lifted season to date exports to 1,781,400 MT, compared to 1,347,100 MT during the same period in the previous marketing year.
Farmers delivered 48,900 MT of peas to primary elevators during the week. This lifts season to date deliveries by farmers to 2,265,900 MT, compared to 1,542,400 MT during the same period last season.
Elevators and terminals reported selling 3,400 MT of peas to domestic buyers during the week. This lifted season to date sales to 65,600 MT, compared to 80,600 during the same period last season.
There are 268,500 MT of commercial stocks of peas, including: 220,800 MT of field peas in primary elevators; 300 MT in process elevators; 46,100 MT at Vancouver; none at Churchill; none at Prince Rupert; 1,300 MT at Thunder Bay; and none in St. Lawrence ports. There are also 65,300 MT of peas in transit by rail to Canadian ports, compared to 36,200 MT the previous week.
For the field peas in primary elevators: 5,900 MT are located in Manitoba; 126,800 MT in Saskatchewan; 86,400 MT in Alberta; and 1,700 MT in British Columbia.
The CGC did not provide a breakdown of the grades of peas in terminal elevators.
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