Pulse outlook: Steady world trade expected in 2023
The International Grains Council predicts that the world trade in chickpeas and lentils will remain stable in 2023, as South Asia's strong demand continues to support the market. The IGC forecasts that the global trade in chickpeas will remain at around 1.9 million tonnes, with lentil movement remaining steady at approximately four million tonnes. The IGC anticipates that the total world pulse trade will increase by two per cent to 17.4 million tonnes in 2023, driven primarily by increased demand for dry peas.
Canada, a significant exporter of all three crops, is experiencing a surge in pea and lentil exports. According to data from the Canadian Grain Commission, pea exports from licensed facilities during the first 32 weeks of the 2022-23 marketing year increased by 62 per cent compared to the previous year, while lentil exports rose by 59 per cent. Although Canadian chickpea sales typically bypass the weekly CGC data, Statistics Canada's monthly merchandise trade data reveals that Canadian chickpea movement during January 2023 was more than double the amount moved during the same period in the previous year.
Australia's recent record-breaking lentil crop of 1.4 million tonnes may affect some of the global trade flows, according to analysts. Although Australia's pea production increased slightly to 314,000 tonnes, its chickpea crop decreased to 541,000 tonnes, roughly half of the previous year's production, due to a decrease in planted area.