The International Grains Council (IGC), Rabobank, and others have followed countries and companies moving into the pulses space. It is logical that plant-based proteins like pulses should be an attractive market. However, the compound average growth rate (CAGR) for the larger category is only 2 percent. Dry beans is the largest subcategory and its CAGR is 1.22 percent over the past decade. Chickpeas fare better, averaging a 3.3 percent growth rate. Parsing the data on the subproducts of the pulses category yields the following results:
Rabobank points out that countries increasingly involved in exporting include Russia, Argentina, and Türkiye. The IGC has started collecting data, but the sector is still somewhat opaque, volat...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit California’s Proposition 12, Massachusetts’ Question 3, and up to 500 state agricultural laws across the country, was blocked by...
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