News Capsule: International Market
10-Feb-2026 01:46 PM
News Capsule: International Market
Yellow Peas Gain Momentum
★ International yellow pea markets traded on a mixed note, but prices showed firm undertones.
★ China has decided to remove its 100% import tariff on Canadian peas effective March 1. This move has accelerated trade between Canada and China.
★ Exporters have raised the prices offered to farmers, which has encouraged higher grower selling.
★ According to the Canadian Grain Commission, farmer deliveries increased from 70,900 tonnes during the week ending January 25 to 120,700 tonnes in the week ending February 1.
★ This indicates strengthening global demand for yellow peas.
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Lentil Market Shows Mild Firmness
★ Global lentil markets ended the week with a slightly firmer tone.
★ Market expectations suggest that medium-term import demand could turn out stronger than previously anticipated.
★ In India, the tur (pigeon pea) crop is reportedly falling short of yield expectations, prompting some millers to consider green lentils as a substitute.
★ On the other hand, lentil sowing in India has increased during the current rabi season.
★ By the end of January, the area under lentils reached 1.812 million hectares, compared with 1.766 million hectares during the same period last year.
★ This suggests near-term support from demand, although higher sowing may increase supply in the coming months.