THE BIG PICTURE
other regions too." While pulse exports to China remain absent, an agreement was recently reached to allow sesame exports from Brazil – something that could, incidentally, cause a squeeze on Brazilian pulse acres. Nevertheless, trade insiders generally believe it is a positive indicator for developing future trade. Meanwhile, trade with India has blossomed nicely over recent years. Since 2023, Brazil has been producing and exporting black matpe into the South Asian giant. The India Grains and Pulses Association (IPGA) reports 4.1 KMT was imported in 2023, with 22 KMT more imported by the end of October this year. For 2024/25, there are expectations for a 50 KMT crop in Brazil . For now, the market looks to remain consistent, with kharif production of black matpe predicted to fall in 2024 by almost 25% YoY, and India running a growing annual deficit.
Made with FlippingBook - Online magazine maker