Global Pulse Prices Plummet to Record Lows as Canada, Australia, Russia & Africa Battle for Market Share

Global prices of pulses have plunged to record lows as major producers — Canada, Australia, Russia, and several African nations — compete aggressively for market share. A surge in production, improved harvests, and a race to secure international buyers have flooded the market with supply, driving prices down. Industry analysts say the price drop is also being fueled by shifting trade dynamics and reduced import demand from key markets like India and the Middle East. With each exporting country aiming to undercut the others, the resulting price war has intensified pressure on farmers and exporters worldwide. While consumers may benefit from cheaper pulses in the short term, concerns are rising about long-term impacts on farm incomes and sustainable production.