Originally posted by jazz
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Vegetarian population. The demand for lentils per capita is larger in countries with more vegetarians. This population is growing, and so to Is It’s demand for protein - peas offer about double the protein percentage of wheat pound for pound, at generally about the same price per MT. More affluent populations consume lentils despite the higher price. The poorer portions of the population consume the countries large domestic chickpea production.
India grows a substantial amount of both crops. However their demand for pulses is not proportionate to their production.
Wheat production on the other hand outpaces demand, hence the exports (in a normal year). This year it does not.
The year is coming in which Canada will limit or stop canola exports as well. With domestic crush capacity pegged as high as 16M for 2024 a crop wreck like we had last year (12-13M production) will necessitate it. Export bans would not apply to the at least 2-3mmt will be presold for new crop delivery via export most years. But it could mean that forward export sales for subsequent years could not be made.
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