Farming News - Pulse Market Update
News
Pulse Market Update
The future of pulses in the UK seems bright. Pulses crops in the UK have delivered the highest gross margin on many farms in the last couple of years and this could well continue.
International interest in pulses is rising. EU focus on protein production and protein demand is increasing in the face of rising demand and ever-growing issues around importation and reliance upon soya. Wider International recognition of the importance and benefits of pulses in diet, the environment, and agricultural rotations is heightened. With 2016 declared the UN’s ‘International Year of Pulses’, the profile of these crops is on the rise.
The UK producers are able, with attention to detail, to deliver product of the highest quality, and meet international export requirements, putting UK pulses in strong demand and providing a potentially very bright future.
In France, the crop area is down significantly in 2013. Overall the low temperatures to date have delayed crop development too. Pea exports are roughly half that of the previous year, with an increase in domestic use in animal feed, reflecting the price of imported protein. Bean exports rose slightly with increases to both Egypt for human consumption and Norway.
Australia and Canada have contrasting concerns. Australian acreage is currently exposed to dry conditions, and in Canada the long late winter looks like spring sowing may be delayed - lying snow is still significant and will also have an impact as it melts. It is too early to say if any of these environmental conditions will impact supply come new crop harvest, but indicate that yields are unlikely to be over average at best.
Feed Beans
The market was very quiet if not quite dead through the month, with a slight increase in activity in the latter days. Offers are short as any sellers of Human Consumption quality are reluctant to take the lower price of the feed market at this stage. Where trade is to be found, there is still a healthy premium available over feed wheat.
Human Consumption Beans
Export markets seem satisfied - temporarily at least. Political instability and Egyptian currency issues continue to worsen, and looking forwards this may have an influence on their ability to pay for imports from new crop. Demand will be high as the new crop materialises, but payment will be key and will have an influence on new crop prices. Buying what can be afforded may be the expedient message, perhaps with buyers looking at all their alternatives. New interest is not expected until after Ramadan at the earliest.
The message has to be pay attention to detail on your new crop. Take heed of the advice and control windows for bruchid beetle and focus on producing good yields of high quality beans. Put yourself in the ideal position to take advantage of market demand when it arises.
Combining Peas
Indications are that UK peas of all types are likely to be in a short position following harvest 2013. New crop will be in demand and carry a premium price. The UK will again be a net importer 2013/2014 and yet the international supply position is not certain. Good quality peas will remain in demand.
Marrowfat Peas
New crop interest from China is expressed. This follows good quality exports in recent times and rising demand for UK crop. The interest is largely for snack products. With no blue peas , marrowfats continue to be utilised by Micronisers.It has been clear for some months now that new crop marrowfat and blue peas will be in demand and should continue to command good prices - an encouragement for area to expand in the years ahead. They look likely to remain in a short position for some time to come.