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Pulse Marketing Update March 2008 |
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Old Crop soft commodities world-wide remain in tight
supply. Protein prices (soybeans) and rice are close to an all-time high, as is
the cost of nitrogen. Questions remain too over future imports of GM maize gluten
for animal feed. To what extent can locally sourced peas/beans replace these
imports?
Spring drilling of both peas & beans is well underway.
Defra’s December stats quote an increase of 15.6% in sowing of winter beans to
68,000 ha – better than expected. The PGRO/Syngenta meetings in January also
suggest that spring beans will come back from recent lows. Fuego seed is in
short supply but other varieties are available. Pea acres however will remain at
current lows if this feedback is accurate.
The French pea crop is rumoured to be down again by as
much as 35% (beans +5%). We will know more later this month after a
The Australian crop remains an unknown quantity. Pulse
drought in some key agricultural areas.
Feed Beans
Prices remain very firm
at well over £200/tonne with the old crop largely traded out and little
carry-over.
Export Beans
High prices and strong sterling have slowed Middle East
business as
Marrowfats
There
are few lots remaining in store as growers await higher prices. However with
prices twice those we reported 12 months ago, Far Eastern buyers are staying away
from the market at the moment.
Blue
Peas
Processors
continue to express concern about future
as
PGRO/Syngenta Pulse Meetings
Five regional meetings entitled “Let Pulses Work For You”
were held recently in
Agronomy notes…..
The Defra funded LINK project on Bruchid control is already
yielding some strong pointers for improved control methods. The revised
recommendations for spraying this year will be published in the new Information
Sheet available from PGRO web site shortly. A workshop held in March led by
PGRO, examined the basis of a perceived yield decline of pulses despite
improvements in varieties and husbandry. No firm conclusions were reached but
pointers towards areas of investigation were discussed. These included rotation
and frequency of pulse cropping, soil condition and root development,
nodulation, crop nutrition, and climate changes.