Pulse production and consumption around the world continues to grow.
Brian Clancey with Stat Publishing gave the Pulse Market presentation at this week’s Regional Pulse Meetings.
"Prices have been so strong recently that world production of pulses has risen dramatically. It's four million tons above average, which is a lot around the would and it will probably stay 4 million tons above average this year. You're going to have ample supply and I think there is a real risk that prices are going to be lower on average in the coming months," he said.
He says there’s a real opportunity to take part in that expansion in North America with the growing interest in hummus and other products.
"Right now the Americans are trying to take advantage of all of it. They're looking at a massive increase in the chickpeas area this year, we have a chance to increase ours and participate in this thing. I think the future for chickpeas and the potential to grow chickpeas is only going to get better as we move in the future because I think that a market where fundamental demand keeps growing," Clancey said.
Clancey doesn’t expect to see much change in pea acreage with good prices and movement this year, however, he does expect to see a drop in some of the red lentil acres.
He notes some people are talking about an 18% reduction due to disease issues.