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Prices of all the pulses increased across the globe

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Shrawan Kumar
Published Mar 25, 2022
Across the globe during the past fortnight, prices of all the pulses increased in the range of 4-14% due to the uncertain scenario of supply in the Black Sea region amid a prolonged war situation going on between Russia and Ukraine. The Chickpea market is facing volatility amid tensions between Russia and Ukraine in Australia. The harvest of the mung bean crop is underway, but the demand for the new crop faces stiff competition against Myanmar. Export demand for Australian bulk lentils is on a higher side, and this factor acts as a catalyst for increasing prices. South Australia is expected to ship the vast majority of the 160,000 MT plus of lentils booked to load over March-April, and Bangladesh, Egypt, and India are the major customers.

Canada and India have formerly relaunched trade negotiations that could lead to increased Canadian pulse exports to the country. According to the Ukraine Minister of Agrarian Policy and Food, even under a normal situation, farmers would not be able to start a mass planting campaign at the current moment due to the soil freezing. The mass planting will begin in late March, in some oblasts – in early April. The exact date will depend on the pace of warming and the amount of precipitations. Turkey's government announced a ban on exports of lentils, white beans, chickpeas, wheat, barley, vegetable oils, and animal feeds, including cargo in export-bound warehouses.
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