PGRO PULSE MARKET UPDATE (03.11.14)

Scotland : Good news for Scottish growers and the UK industry. During the month the Scottish government announced clarity on CAP greening measures. For 2015 pulse crops these will be in line with the rest of the UK. http://news.scotland.gov.uk/...

France : early indications have been confirmed. French bean crops are have yielded very well but with disappointing high Bruchid damage for the second year in succession. Recent assessments suggest an average of 15% insect damage. This will promote the UK crop in the human consumption export markets as the Egyptian buyers are dissatisfied with the quality on arrival.

Canadian crop situations are still uncertain. Harvest delays have caused quality losses but the extent of this is still being quantified. Canadian traders are enjoying increased exports to Asia significantly above the 5 year average which is expected to lead to tighter supplies of yellow peas later in the year. Green pea yields are significantly higher and are forecast to grow further from the 2015 harvest.The likely impact of poor quality however means that they may not appear on the export market in the volumes that had been expected. Field beans are not big in Canada but it is interesting to notice that production areas in Alberta have risen from 2, 400ha in 2012 to 32, 000Ha in 2014.

Feed beans values fell significantly along side other commodities and a larger gap opened up between feed and human consumption export values. In recent days feed wheat prices have rallied a little and beans rose too to erode some of that difference and has been supported by short supplies with consumers. Current values are approximately £175/t ex farm- still a huge premium over wheat. If in 2015 areas increase the trade remains confident that the market will absorb the production. Premiums over wheat may reduce but it is predicted they will still remain highly significant.

Human consumption bean export markets have calmed down after significant early post harvest activity. Large quantities of beans have been shipped recently slowing interest for immediate demand. Egyptian buyers are expected to return to the market as the cargos begin to be consumed. Trade to Sudan for clean bagged product rather than bulk cargos has been brisk.The prices realised for top quality grains look good against feed, a premium of up to £30 is available for the best. After significant seller interest at the start of the month buyers are now finding it harder to source.

Combining Peas

Blue peas quality is generally good and top samples can achieve £240/t despite previously flagged high yields. Many buyers are still working through 2013 contracts and supplies are good. Uncertainty in the wider international market is holding the price. Low quality parcels continue to discount heavily - lucky to reach £200/t. UK buyers are reluctant at present seeing no urgency. Trade is rather hand to mouth. Other buyers are playing a waiting game until the situation with Canadian supplies is more certain. 2015 crop are is of course uncertain but increases of up to 30% have been suggested. Again the trade is confident in marketing the produce but premiums may fall.

Marrowfat pea prices remain strong and are forecast to remain that way due to short supplies.2014 harvest was only slightly better than the very wet season of 2012. Good samples can exceed £350/t ex farm. Marrow fat peas will continue to be in strong demand through 2015 as market demand continues to outstrip availability. Marrow fat peas are a more ‘technical’ crop than blues but growers looking to produce peas, having assessed the risk v reward, may well be tempted by a marrow fat contract.

It is essential that pea producers focus on quality to ensure the best possible marketing opportunity and price or their produce.

Seed availability

With significant interest in crop 2015 there have been questions about availability of seed. Whilst variety choice may becoming more limited seed remains available for winter beans, spring beans and blue and marrow fat peas.


Agronomy note:

Storage:

Grains stored at above 15% moisture will visually deteriorate. Good storage conditions are essential for maintenance of visual quality and opportunities for reaping premium prices.

Metaldehyde Stewardship
Take metaldehyde stewardship seriously to minimise the negative impact on agriculture and the crop protection industry. For more information visit www.getpelletwise.co.uk

Winter bean drilling
Winter Beans up too early will suffer disproportional winter damage and early disease. Be patient and wait for the right soil conditions before drilling. Alleviate and avoid soil compaction and use the intervening time to “stale seed bed”.

Winter bean herbicide
If considering using propyzamide (Kerb) for grass weed control remember it works best in falling temperatures do not rush to apply in the balmy autumn temperatures.

Farm Saved Seed
For all your questions regarding farm saved seed: http://www.bspb.co.uk/farmsavedseed/index.php

Seed Testing
For all seed testing of farm saved seed contact Paul Armitage at www.pgro.org (email: paul@pgro.org) don’t forget to test for stem nematode too!


Get ready for “International Year of Pulses 2016http://www.cicilsiptic.org/pulses.php?id=20