Strong Competition For Acres
PANAMA - Jan 22/21 - SNS -- Competition for acres could become one of the dominant features of pulse markets during the first few months of 2021.
Since May, global prices for pulses have steadily lost ground compared to grains or oilseeds. At that time, the global price index for pulses was 95% of the average index for grains and oilseeds. By August, it had dropped to 75% and slipped further to 66% in December.
Changes are more pronounced compared to oilseeds than grains. The global price index for pulses averaged 90% of oilseeds in 2019, but dropped to 80% in 2020; while it only slipped from 78% to 77% versus global grains over the two years.
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