Pulse Producers taking in this week’s Regional Pulse Meetings are getting economic, agronomic and marketing information.
Greg Kostal of Kostal Ag Consulting gave the Market presentation for the meetings on the West side of the Province.
He says we are in a cycle of relative supply abundance; the world has produced too much too fast, topped with India’s import quota’s and tariffs.
"We're going to have to shift our export, and our demand reliance to non-Indian to some of these other destinations and that's what this whole process is about," he said. "We've been through these cycles before; we need to retool the speed of accelerated supply growth and expand demand so we are not as reliant on India and that's going to take a couple of years to occur."
He says with India’s import quota’s and tariffs and an oversupply in the market, we will likely see a shift in acres.
Kostal advises producers get their acres back to a more rotational balance.
"What are some of the choices but to eliminate a field of two for those who have been pushing the acreage too far, that they might be in an agronomically uncomfortable position," he said. "I think that's what we are going to see. Will peas fall half a million acres, Lentils half a million something of that nature, likely a biased to all the declines being read, small gains in green lentils."
The Winter Regional Pulse Meetings were held this week in North Battleford, Regina, Rosetown, Moosomin, Assiniboia, Melfort, Swift Current and Humboldt.