US oil supply growth next year is forecast to rise by 1 mmb/d, marking the third year of growth at that rate and contributing to 60% of total non-OPEC supply growth in the year. Before shale’s dramatic entry to the US oil balance in 2012, US oil supply growth had averaged just 200kbd in the prior five years and on a 10-year average basis supply growth had been flat. At the current rate of growth, the US oil production is set to overtake Saudi Arabia and Russia in the next few years, Deutsche Bank noted.
Net product imports of 150 kb/d were also lower compared with last year. With crude imports at 5...
Speculators have increased long positions in Coriander on rising demand in spot markets and resti..
Soybean futures at National Commodity and Derivatives Exchange (NCDEX) is trading postive on marr..
Yellow Peas, also known as Dry Peas, are one of the most widely used pulse crops in the world. A native of China, Yellow Pea cultivation currently is concentrated in few countries in the world. Broadly two varieties --dry green peas and dry yellow peas--exist for Yellow Peas.
Peas are the most heavily imported pulse into India. Global output of Yellow Peas is estimated to be around 12 million tons. Canada accounts for bulk of the global output with over 3 million tons on average per year.
Want to know more about the exciting world of India's Pulses market? Check out here!
Canada is also the leading global supplier with nearly 20 percent of the global Yellow Peas trade. Nearly 140 countries in the world are depending upon major producers of yellow peas for their requirements. China, India, France, Australia etc. are the other major producers.
India is rated as the fourth largest producer of Yellow Peas in the world with an output of nearly 800,000 tons per year. India is also the largest importer of the crop accounting for around 700,000-800,000 tons. Uttar Pradesh is the main producing centre in India with 60 percent of the country’s total output. Other major producers are Madhya Pradesh, Bihar and Punjab.
Import plays a crucial role in shaping domestic market as the country imports nearly 50 percent of its requirement. Absence of clear idea about crop situation in importing countries, domestic climatic conditions and prices of other pulse crop are other major determining factors in the case of yellow peas. Main markets of yellow peas in the country are Mumbai, Jalgaon, Latur, Akola, Indore, Bhopal and Vidisha
The major players in the yellow peas value chain in India are importers, their brokers, stockists, wholesale traders, and retail outlets. The information flow is restricted to the major wholesale traders and stockists.