Pulse Forward 14 | USA's big bet on beans

PULSES & BEYOND CHUCK PENNER LEFTFIELD

How is competition from Russia impacting Canadian pea farmers? It’s primarily present into China, where Russia is controlling over half of trade. And the trade volumes in China are dropping so, in some ways, you have a similar picture than in India, because late last year, China imported piles of peas from Canada and Russia. These huge inventories have started to come down but they're still sitting on a lot. Then you have the trade rulings on pea protein and things like that from the U.S. that may cause the fractionation industry to contract a little bit but it's easy to overstate that. When India dropped their tariffs to zero, Canadian farmers were ecstatic: we've got China, we've got India, and they're going to compete like crazy for our peas. And it hasn't quite played out that way: India bought around 1.6 million tonnes of peas in a pretty short order but then it's gone quiet from both India and China.

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