World pulses market well-balanced

Monday, 22 April 2013 00:00 - - {{hitsCtrl.values.hits}}

Singapore: Aggregate world production of major pulses covering field pea, dry bean, lentil and chick pea is expected to slightly improve in 2013-14 compared with the current year, according to experts participating at the International Pulse Trade and Industries Confederation annual convention here.

During a discussion on world pulse demand and supply outlook, field pea production for 2013-14 was estimated at 10.8 million tons (9.9 MT) with major origins Canada, Russia, France, United States and Australia producing more. World dry bean production was estimated at 21.3 MT (21.2 MT) with improved output in China and Brazil, but lower in the US. However, world lentil production is projected to be slightly lower at 3.67 MT (3.73 MT).

In case of chick pea (desi), production is seen up at 9.7 MT from 9.4 MT in 2012-13 following a huge spurt in Pakistan crop.

While lentil prices are expected to remain firm given the supply shortfall and firm demand, many speakers forecast firm and rising prices for all pulses during the year.

However, data suggest that the market is going to be fairly balanced and therefore prices are likely to stay more range-bound, according to others.

India, mover and shaker of the world pulses market, has set a production target of 19 MT for 2013-14 compared with estimated production of 17.6 MT in 2012-13.

Several measures to boost output have been initiated.

Timely onset and steady progress of South-West monsoon – June to September – will be a key driver of market sentiment.