LONDON - Nov 1/21 - SNS -- Effective today, the International Grains Council (IGC) has added pulses, such as lentils, dry peas, chickpeas, dry beans, other pulses in its definition of grainÂor grainsÂunder Article 2(1)(e) of the Grains Trade Convention, 1995.
As a result, the IGC Secretariat will expand its market information for pulses. It currently provides updates on pulses trade and estimates of production in the GMR (Grain Market Report) on a bimonthly basis.
Supply and demand balances are published for the major exporters for dry peas, lentils and chickpeas. The Secretariat is also currently constructing global supply and demand balances and developing a pulses-specific area on the IGC member website which would include a FOB prices matrix.
The council said, "By extending the definition of grains to include pulses, the IGC seeks to increase market transparency for pulses and to enhance co-operation to increase the global trade of this commodity which plays an essential role in achieving food security."
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