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Global pulse trade is under pressure as India, the largest producer and importer, harvested a record 23 million tonnes in 2016-17. The kharif 2017-18 first estimate is 8.7 million tonnes, and farm-gate prices have fallen below the minimum support price.
Pulse exporters such as Canada face a weaker Indian market.
Oversupply in India is depressing pulse prices and weakening demand for imports. This is a sector-specific trade story with little direct effect on the feed commodities covered here.
thehindubusinessline.comThe HinduBusinessLineOct 25, 2017After 442 past trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.3%), and +0.6% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
