PULSES & BEYOND SUNIL PATWARI SEASONS OVERSEAS
PULSES & BEYOND SUNIL PATWARI SEASONS OVERSEAS
when Africa started shipping cargoes. Until July, the prices were extremely high, with Myanmar trading as high as $1450 and Africa trading at $1200. Now, Africa is trading at $800 plus, and there are no takers. Myanmar is at $1000 plus, also with no takers. We've seen a correction of about 30-35%, which is significant. The Indian crop will play an important role, but India is also encouraging many other countries to grow pigeon peas. I recently saw an article mentioning that India is approaching Russia to grow more pigeon peas and black matpe. Brazil is already increasing production of black matpe. Given these factors, I think the price sentiments will be a bit low. I'm not predicting a very bullish trend at the moment. We'll have to see how the crop develops. Crop forecasts and targets can differ from actual yields. Only when the crop comes in January-February will we know how pigeon pea production is
ABOUT SEASONS OVERSEAS
Group established in 2013 to service the growing demand of high quality agricultural products, focusing on rice, pulses, sugar, grains, oil seeds, and animal feed/ meals. Headquarters in Singapore and offices in Myanmar and India. Asia Top Enterprise Award in 2015. Active buyer and seller network comprising 200+ corporations around the world.
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