Demand for Pulses
How has COVID-19 impacted the demand for pulses? Montana State University Associate Professor of Economics Dr. Anton Bekkerman thinks there is a chance it could be supportive.
Bekkerman… “Peas lentils, chickpeas posts, crops are cheaper alternatives, and we have millions of people who are either out of work or maybe saving more because they're not sure about their employment certainty. They may decide to switch to buying more of those products and in a longer run scenario that may lead to more permanent changes in behavior. So if I have eaten chickpeas and peas and lentils for the past year, it is likely that some of those behaviors will stick around after the economic recession ends. And I may actually start just buying peas and lentils because I have learned to like them where before the pandemic, maybe I didn't think of them as much. If we get a vaccine in the next five to six months and beef, which is a luxury good, starts being consumed at pre pandemic levels. Certainly the potential for hostess to become more consumed domestically may not be there, if we have a very quick return to sort of quote unquote normalcy.”
Dr. Bekkerman's full analysis can be found on the growing pulse crops podcast.