Peas Find Supportive News
PANAMA - Dec 14/18 - SNS -- The world's field pea markets are finishing the 2018 calendar year on a firm note, with grower and export prices showing an upward trend in most regions.
Reports that heavy rains have caused significant problems with Argentina's green pea and lentil crops have resulted in a modest improvement in demand from buyers in that country and other parts of South America.
While the relaxation in trade tensions between China and the United States has already resulted in purchases of soybeans, the timing may not hurt peas because prices had already started to move to levels which were not truly competitive with other livestock feed ingredients.
Lentils Maintain Firm Tone
PANAMA - Dec 14/18 - SNS -- International lentil markets maintained their firm tone through the past week, helped by ongoing demand from traditional buyers and reports of problems with crops in Argentina and parts of the Indian subcontinent.
Some millers in India and other parts of the Indian subcontinent import lentils as a substitute for tur or pigeon pea. Problems caused by heavy rains are being reported with crops in north east Karnataka while other regions are reporting increasing incidents of fusarium wilt.
The combination is expected to result in an upward trend in prices on India's domestic market for tur, which helps makes imported pulses more competitive. However, some traders in India think the government intends to impose quantitative restrictions on imports of all pulses in front of this year's national election.
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