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Urner Barry Releases September Pulse Protein Report
As of September 13, Ethiopia remains in the top spot of the dried pea export value chart. China still holds the fourth spot, and an 89% decrease in value year-over-year was noted. Peru is maintaining the fifth-place spot for lentils, keeping India out of the top five countries in the export value chart. Pakistan continues to hold the top spot for dried chickpea exports this September, with an 84% decline in value year-over-year.
For the current marketing year, dry bean exports are at a record low...
Urner Barry Releases August Pulse Protein Report
As of August 8, Ethiopia remains in the top spot of the dried pea export value chart. China still holds the fourth spot, and a 90% decrease in value year-over-year was noted. Meanwhile, Canada is in the first spot for lentils again, however with a 19% decrease in value. Peru is maintaining the fifth-place spot for lentils, keeping India out of the top five countries in the export value chart. Pakistan continues to hold the top spot for dried chickpea exports this August, with an 84% decline in value year-over-year.
The U.S. exports to over 70 countries and has been a net exporter of dry peas and lentils for at least three decades. However, the 2021/22 marketing year is anticipated to be...
Urner Barry Releases July Pulse Protein Report
Dry pea supplies in 2021/22 are tight with production down 60% year-over-year. The USDA reported that dry pea stocks were down by about 50% in December from the previous year, the lowest levels since 2012. Lentil supplies are also lower than the year prior, with production down 55%.
According to the National Weather Service, a massive heat wave is engulfing much of the Midwest and into the Southern tier of the United States. Excessive heat warnings were in effect last week, with...
Urner Barry Releases June Pulse Protein Report
Dry bean exports during the current marketing year were at a record low for the first 6 months of the September-February timeframe. Exports are currently averaging 44% below the previous year at 278 million pounds. Historically, the 2021/22 volume is 36% below the 32-year average. Also, the six-month export volume in 2004/05 was the only marketing year that was lower than the current one over the past 32 years.
Although slightly improved from the pandemic-related conditions of 2020, international trade markets remain hindered by port congestion, internal shipping delays, container availability, and trade route challenges stemming from the Russia-Ukraine war. Meanwhile, pea producers in some Russian regions face losing...
Urner Barry Releases May Pulse Protein Report
For pulses like dry edible beans, prospective area declines are anticipated to continue in 2022. Spring weather is an important factor and is posing threats again this year with dry conditions across several dry bean growing regions. April 2022 marked the seventh month of the 2021/22 dry bean marketing year which began in September 2021 and will end in August. Although planting decisions have been made, a variety of factors can influence the final crop mix well into the spring and early summer.
In addition to dry spring weather, key economic factors affecting reduced dry bean area include surging input costs for items like fuel and fertilizer, and elevated prices for...
Urner Barry Releases April Pulse Protein Report
The USDA released its Prospective Plantings report on March 31, noting that hopes for drought relief fizzled during the first couple months of 2022. With the generally dry start to the new year, there was little overall change in the western drought depiction. Also, drought coverage across the south continued to climb, reaching 59.2% in March. By March 1, national drought coverage had been greater than 40% for 75 consecutive weeks, a 21st century record.Besides drought, this past winter season featured notable extremes. In December, multiple severe weather conditions resulted in more than 200 tornadoes. December also ended with...
European Commission Approves JUST Egg's Key Ingredient as Brand Plans Fourth Quarter Launch
Eat Just, Inc., a company that applies cutting-edge science and technology on a mission to create healthier, more sustainable foods, announced today that the key ingredient in its popular plant-based JUST Egg products has received approval from the European Commission. The landmark approval for mung bean protein paves the way for the launch of JUST Egg in Europe in the fourth quarter of this year.
This decision means America’s fastest-growing egg brand can enter the market in countries belonging to the European Union and...
Beyond Meat® and PepsiCo's Planet Partnership Debuts Beyond Meat Jerky
Beyond Meat, Inc. and PepsiCo, Inc. today announced the debut of Beyond Meat® Jerky. The delicious and convenient plant-based jerky is the first product from the two companies' joint-venture, Planet Partnership, LLC. Rolling out at stores nationwide starting in March, Beyond Meat Jerky offers a full-flavored, on-the-go snack experience that furthers Beyond Meat and PepsiCo's shared passion for creating products that are better for both people and the planet.
Beyond Meat Jerky is marinated and slow roasted to offer the savory experience of...
Urner Barry Releases March Pulse Protein Report
On March 1, the USDA reported an average $41.00/cwt for U.S. #1 garbanzo beans which is a slight increase from the previous month. U.S. whole green peas averaged $23.75/cwt as of early March, steady with February’s rates. Prices for yellow peas declined by $0.83 from a month ago, totaling $26.67/cwt.
Russia’s invasion of Ukraine is stressing an already strained global supply chain and its economic impact is likely to be felt by consumers and manufacturers. While an increase in costs trickles down from producers to consumers, short term consequences have already arrived. Grain markets recently hit...
Urner Barry Releases February Pulse Protein Report
As of February 8, Ethiopia has bumped China from the top spot of the dried pea export value chart. A 78% increase in value year-over-year was noted for Ethiopia, and China holds the fourth spot with a 51% decrease year-over-year. Meanwhile, Canada holds the first spot for lentils with an 18% increase in value. India is no longer one of the top five countries in the export value chart for lentils, losing the fifth-place spot this month to Peru. Pakistan remains in the first spot for dried chickpea exports for the second consecutive month, with an 18% decrease in value year-over-year.
The USDA reported that U.S. export volume in 2020/21 for chickpeas, dry peas, and lentils varied. Export volume of chickpeas decreased about 15%, for a total of...
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