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Pulses Not Pulsing

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...

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