STAT Communications Ag Market News

No Fundamental Pulse Shortage Seen

PANAMA - Jan 26/18 - SNS -- Canada and the United States will have no shortage of pulses to market in the coming marketing year even though total area is expected to drop 21% to 10.6 million acres.

Most of the drop will be in yellow peas and red lentils. That is because demand from the Indian subcontinent is not expected to recover any sooner than the last half of 2019.

India's rabi season plantings have set a new record this year, with production of chickpeas expected to reach a record 9.71 million metric tons (MT).

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