Pulses Price Report/ Members-Only Access We offer all our members a weekly update on the latest pulse prices for red and green lentils, yellow peas, desi & kabuli chickpeas, green peas, black matpe, and pigeon peas.
Could India impose a higher lentil import duty?/ Separating rumor from reality We addressed the speculation around India placing a 30% duty on imported lentils, canvassing views from across the trade. Is a duty really on the horizon, and what would its repercussions be? We asked industry insiders to give us their views.
Lentils Update/ GPC members-only webinar Join GPC’s members-only webinar, Lentils Update, on Wednesday, December 3, at 11 am GMT. Discover the latest insights on harvest updates, trade estimates, oversupply impacts, India’s purchasing trends, and short-term price outlooks across India, Turkey, Canada, and Australia.
Black Sea Pulses in 2025/ Kazakhstan lentils lag, Ukrainian peas break records, and Russia boasts a ‘strong’ chickpea picture As we enter a key period of MY 2025/26, a close examination of the pulses available in the Black Sea region brings a clearer picture of the quantity and quality of pulses on the market. Regional experts and scoured industry sources assess the outlook of each country’s harvest and export prospects.
Canadian lentil estimates raised/ Just how high can this crop climb? September brings a big jump in StatCan’s lentil crop estimate – but what will this mean in such a strong year in global supplies? Industry experts pick apart the latest news on Canada’s extra-large crop.
Weather report/ September 11-18 North Dakota beans ‘hit hard’ by frost, Canadian prairies see harvest delays, and Indian pulses feel the pain of excess rain – this is the week in weather in the pulse-producing zones.
Global red lentils/ The 2025/26 outlook Rising output in some regions, declines in others — and importers weighing their next moves. With supply shifts and duty risks putting pressure on global balance, how could trade uncertainties shape the year ahead?
Green lentils 2025-26/ Bumper crops, bearish prices? The global green lentil market appears to be moving toward a season of oversupply, with expanding production in key origins adding to carryover stocks. Current indicators suggest that the 2025–26 cycle may leave exporters grappling with excess volumes — and tighter margins.
Shanghai Pulses Congress recordings/ Tim McGreevy — USA Overview From rebranding the national council to outlining fresh production forecasts for peas, lentils, chickpeas, and beans, McGreevy’s keynote spotlighted America’s pulse industry and its ambitions to double output and consumption. Tune in for the full update from the CEO of USA Pulses.
Shanghai Pulses Congress recordings/ Mapping China’s pulse power Peas, mung beans, adzuki, lentils, and much more: the China Overview took a deep dive into one of the world’s most influential pulses markets. With shifting trade patterns, booming processing industries, and evolving consumer demand, the session offered precious insights into a market that everyone is watching — and eager to be part of.
Shanghai Pulses Congress recordings/ Lifting the lid on lentils The lentils panel dissected the policies, crops, and trade pressures currently shaping global dynamics: Australia’s weather-driven recovery, India’s chana and pigeon pea influence, Russia’s tight stocks, Turkey’s export ban… Explore the full exchange for all the insights.
The US pulse panorama/ Shifting fortunes in 2025 Columbia Grain CEO Jeff Van Pevenage breaks down the season’s key trends: resilient Montana lentils, softer pea trade with India and China, and steady gains for chickpeas.
Kazakhstan's rise as a top lentil producer/ in 5 key facts Kazakh lentils have dramatically emerged as a major force on the global stage, almost doubling production in just one year and winning market share from long-established giants. Here’s how this rapid ascent is reshaping trade flows from the Black Sea to the Middle East.
“Smartest buyer” China eyes yellow pea price dip, India cools as big pulse importers, and markets respond to global glut of chana/ An Indian pulse outlook We sat down with Binod Agarwal of SGR Group to find out what to expect from Indian traders, a buyers’ market for desis, and why China will bide their time on yellow peas.
7 Quick-fire facts on the Turkish pulse harvest/ From supply strength to transit trade Yusuf Memis of Bashan Agro gives us a rundown on Turkey’s lentil and chickpea outlook. He discusses a strong year on the supply side, production estimates — and how price dynamics are shaping both domestic and transit trade.
PULSES 25/ Red Lentils Panel Relive the Red Lentils Panel at Pulses 25, where leading experts, producers, and market analysts will explore the latest trends, challenges, and opportunities in the red lentil sector.
PULSES 25/ Green & Brown Lentils Panel Relive the Green & Brown Lentils Panel at Pulses 25, where leading experts, producers, and market analysts will explore the latest trends, challenges, and opportunities in the green and brown lentils sector.
Inside acreage gains and export hopes/ 7 key insights on Russia’s pulse seeding season Rustam Guliev of Top Grain discusses expectations for Russia's pulse crops in 2025 – here are seven key insights as the seeding season progresses.
Farmers pull back on peas, moisture fears disappear, and the impact of tariff shocks/ A dive into 2025’s Canadian pulse panorama Marlene Boersch of Mercantile Venture discusses changing acres for peas and lentils, promising conditions for farmers, and what long-term tariffs could mean for trade.
France’s pulses update/ Climate change, competition, and the forces reshaping French pulse crops Cyril Gallien of European grain and seed specialist RAGT breaks down what’s driving change in France’s pulse sector—from the push to preserve yellow peas to the shifting role of faba beans in local and export markets.
Pulse purée potential/ How a Dutch processor is mixing taste, tech, and sustainability to promote a greener future for pulses We sat down to chat with the team from COROOS, one of the Netherlands’ most important pulse producers and processors. We discuss their innovation in pulse pastes, collaboration with aquafaba aficionados Fabumin, and why neither side wins in a USA/EU trade war.
Tariffs on pulses/ How policy shifts in the USA, China, and India are reshaping global trade Recent tariff changes by big industry players are reshaping global trade flows and pricing for peas, lentils, and chickpeas. Gaurav Jain of AgPulse Analytica recaps the rapidly evolving landscape.
More than 50% drop in India’s pulse buffer stock/ Will procurement efforts be enough to stabilize the market? With Rabi crops boosting chickpea and lentil production, the government’s procurement strategy will be key to replenishing buffer stocks and stabilizing supply—and prices.
India market trends report/ February 10 to February 15 As the duty-free import deadline for yellow peas approaches, the uncertainty is reflected in prices. Read on to know all the updates and key factors influencing trade.
Pulses Price Report/ Weekly Update Get an update on the latest pulse prices for red and green lentils, yellow peas, desi & kabuli chickpeas, green peas, black matpe, and pigeon peas.
World Soil Day 2024/ How pulses can help agriculture absorb carbon On World Soil Day, it's worth highlighting how pulses are revolutionizing sustainable agriculture through their remarkable ability to transform agricultural land into powerful carbon sinks.
2024 Australia Pulses Update webinar recording/ Now available for members only Missed the action at the Australia Pulses Update webinar? Catch up now with the recording, available exclusively for GPC members.
Russia Pulse Harvest Update/ Pea, lentil and chickpea yields and the impact of weather We spoke to experts in the industry about acreage, production projections, and the extent to which weather has impacted both volume and quantity
Lentils Market Update/ Macau Pulses Congress panel recordings Our experts take an in-depth look at the main lentil producers, covering supply and demand information, pricing and market behavior.
Australia Pulses Update/ GPC members-only webinar Join GPC’s members-only event, the Australian Pulses Update Webinar, on Wednesday, September 25, at 12 PM GMT. Discover the latest insights on desi chickpea yields, demand for Aussie pulses from South Asia, supply chain issues, lentil production, price trends, and much more!
2024 North America Peas & Lentils Update webinar recording/ Now available for members only Missed the action at the North America Peas & Lentils Update webinar? Catch up now with the recording, available exclusively for GPC members.
India lentil prices/ Sluggish demand, prices fall further Igrain India reports on the impact on prices of good availability of lentils thanks to a stronger domestic crop and increased imports last season.
Russia 2024 pea crop/ AgPulse Analytica on the possibility of bumper production Gaurav Jain reports on the outlook for Russian peas this year after increased planted area was undercut by weather-impacted yields.
North America Peas & Lentils Update/ GPC members-only webinar Join GPC’s members-only event, the North America Peas & Lentils Update on Thursday, September 5 at 12pm GMT. Learn more about the 2024 pea and lentil production & quality in the USA and Canada, pea exports to China, export flows & logistics, prices, and much more!
Turkish export quotas update/ Chickpeas almost double, red lentils limited; green lentils & white beans closed The Turkish government today announced its updated export quotas for lentils, chickpeas and white beans. Dr. Andac Kolukisa gives us the lowdown, sharing his insights into the news.
“India is on a growth path”/ A conversation between President Iyengar and Secretary Khare of India’s Ministry of Consumer Affairs In a dynamic conversation attended by GPC Board members and national association leaders, President Iyengar and Secretary Khare discuss Indian consumption, policy changes and much more.
Weather update on main pulse producing regions/ Pulse Atlas May 30, 2024 The southwest monsoon makes an early appearance, Russian lentils are threatened by drought, and Argentinian beans fall foul of early frosts – we take a look at the week in weather in the major pulse production zones.
Russia’s rising influence on the global lentil market/ AgPulse Analytica Market Update Gaurav Jain explores Russia’s significance in the global lentils trade and how it could become an even more important player in the future.
Global Pulses Price Report/ April 22-26, 2024 Get a weekly update on the latest pulse prices. Explore market trends for red lentils, yellow peas, chickpeas, black matpe, mung beans, pigeon peas, and faba beans from Canada, Australia, Russia, and Myanmar.
Pulse Atlas data in focus/ Tanzanian pigeon pea exports up 56% over the last five years As Indian demand for pigeon peas continues to grow, Tanzania matches with increased production and consistent exports. Exclusive Pulse Atlas data tracks the five-year increase.
Pulses 24/ 6 insights from the panels and speakers in New Delhi Industry leaders from all quarters of the pulses industry gathered in New Delhi on February 14-17 for the Pulses 24 convention. We bring together 6 takeaways from the event.
Pulses 24/ Green & Brown Lentils panel Shorter pigeon pea supplies have driven up green lentil prices in North America, how will this affect seeding in 2024? Are France and Spain still looking at downward trends in production? How is demand from India following on from the rabi harvest? Explore these topics and more with the Green & Brown Lentils panel.
Pulses 24/ Red Lentils Panel How are shorter supplies in North America impacting prices? What impact did the Australian harvest have on the global trade scenario and how far did it go in supplying Asian markets? How are exports out of Russia and Kazakhstan? Explore these topics and more with the Red Lentils panel.
Pulse Atlas data in focus/ India’s fluctuating green lentil imports India’s green lentil imports are subject to significant fluctuations due to their close link to pigeon pea S+D. We look at Pulse Atlas data and talk to experts to get an outlook for the rest of 2023.
Market update/ Russia imposes export tax on pulses effective October 1 In an announcement released on September 21, the Russian government announced the imposition of an export tax on some goods, including pulses. We speak to industry members to find out what this means.
AgPulse Analytica market update/ Lentil market dynamics shift from surplus to scarcity in mere months Gaurav Jain zooms in on the global factors contributing to dampened lentil supplies, looking at key producing and consuming markets and how they will influence trade in the coming months.
Acreage drops in the Americas?/ “We may be seeing a bit of a consolidation prior to another round of growth” Recent shifts in economy, agronomy, and climate seem to point to a drop in pulse acreage across many key pulse-producing countries. But what does the data tell us?
AgPulse Analytica Market Update/ World yellow pea supply to remain stable thanks to large Russian crop Following a recent Rosstat report, Gaurav Jain looks at production and export potential of Russian peas in the context of record acreages for 2023/24.
AgPulse Analytica Market Update/ Dry conditions in Canadian Prairies threatening crops With soil moisture at the lowest levels in a decade and acreages down, what will this season bring for Canadian lentil and pea production? Gaurav Jain looks at the numbers.
Questions about the Pulse Atlas?/ Watch our webinar for everything you need to know! The Pulse Atlas is here! Find your feet with this new tool by watching our webinar on how to make the most out of it.
Premium lentil buyer, strong all-round consumer, and a future keystone of African logistics/ A local’s guide to the Moroccan market with Mohamed Rai We sat down to talk to the Founder of Terranex, Mohamed Rai, to get a deep dive on the Moroccan pulse market. He discussed the premium needs of Moroccan consumers, his knowledge of Middle Eastern destinations, and his country’s future as a thriving hub of African logistics.
“China isn’t a market we’ll have this year and lose the next/ they’re opening the door to Argentine peas long-term” Federico Castellini of Southern Seed Production on being Argentina’s largest pea exporter, a big jump in pea acres, and a strong future for Argentinian peas in the Chinese market.
Monsoon hopes, inflation battles, and why India will need a bigger desi buffer/ What to expect from Indian pulses in 2025 We sat down for a chat with Harsha Rai of Mayur Global to talk imports, chickpea prices, and get a big picture view of Indian pulses.
All things Kazakhstani pulses/ The pea expansion, a promising future for mung, and why farmers are leaning into lentils Kintal Islamov, CEO of producer and trader, Atameken Agro, talks about his expectations for this year’s Kazakhstani pulse crops, a move into green lentils, and the exciting potential of the country’s mung bean production.
Ramadan supplies, bulk vessel trades, and price trends shaping 2024-25/ A full update on Pakistani pulses With preparations for Ramadan —when pulse consumption doubles— in full swing, abundant supply is tightening liquidity and driving down local prices. Faisal Bumbia of Bombi’s Group provides an outlook on Pakistan’s market dynamics.
“The Russian government has fixed export duty at 5% to increase pulse exports”/ But will it be profitable? Why now? How could it reshape trade, market confidence, or production dynamics? Sergey Pluzhnikov of Russian Pulses Analytics sheds light on the changes, while also discussing the harvest, India, China, and more.
“Desis have definitely been the hot commodity this year!”/ A full roundup of Australia’s record-breaking crop Nick Crowley, Trader for Australian commodity exporter CL Commodities talks a big year for desis, intense export stocks, and a challenging outlook for lentils. These are his highlights.
How Egypt disrupted the white bean market/ Mahmoud Mohamed on production, quality and exports We sat down to chat with Mahmoud Mohamed of Al-Amir to talk about Egypt’s pulse crops, North African border trade, and what we can expect from this year’s white bean crop
“Pulses probably wouldn’t be much affected”/ Brian Clancey on the possibility of US import taxes in 2025 We chat to Brian Clancey, Owner of Stat Publishing, to get his insights into this year’s pulse markets, discussing fears of oversupply, changes to US trade policy, and what to expect from Indian import duties.
“It will make sense for Brazil to continue working with India”/ G. Chandrashekar on Indian production and imports Agribusiness journalist and policy expert, G. Chandrashekar, sheds light on India’s rabi season prospects, the potential for Brazilian partnerships, and critical reforms to revive Indian pulse production
Central American red and black beans/ A trader’s view on production, exports and consumption Colombia-based commodity trader Janet Sedan on Central American markets, Argentinian beans into Mexico, and why everyone loses from a hike in US import tax
India desi chickpea & lentil imports, prices and demand/ 9 insights with Sahil Agarwal The Partner at Signature Oilseeds shares his outlook on the import situations for desi chickpeas and red lentils.
Turkish red lentils and chickpeas in 2024/ Yildiz Agro on prices, new markets and growing consumption We speak to Baran Öncü, General Manager of Yildiz Agro about opportunities and challenges in Turkish pulses and why he thinks convenience is key to boosting consumption.
“I expect China will come back strong”/ Skane Group on green mung, white beans and the European market Lara Gilmour talks to Vanesa Tejero and Andres Gil from Skane Group about recent developments in Venezuelan agriculture and the lowdown on selling beans in Europe.
Russian pulses harvest update/ 6 insights on peas, lentils and chickpeas We chatted to Tareq Awad, Trader for Fruitimpex, about Russian weather blowing hot and cold, the progress of the harvest, and the state of this year’s lentils, peas, and kabuli chickpeas
Pakistani pulses in focus/ Chickpea, yellow pea and lentil imports with Tayyab Balagamwala The Director of Grains, Pulses and Sugar at Seatrade Group talks to Lara Gilmour about markets in Pakistan and the possibility of India opening to kabuli imports.
The impact of weather on Russian pulse crops/ Omer Cetintas discusses peas, lentils and chickpeas We chat to the Managing Director of Agromer to talk all things Russia, lentils in 2024, and the potential for kabuli chickpeas into India
2024 Canadian peas, lentils and chickpeas/ 5 questions with Marlene Boersch The industry analyst shares her take on the upcoming harvest ahead of GPC’s members-only North America peas and lentils webinar on September 5, in which she will participate as moderator.
Australian chickpeas, lentils and potential supply chain issues/ 6 insights with Mandala’s Umang Bagaria The Founder Director of Mandala Trading chats to Lara about the state of chickpeas and lentils in Australia and what a massive crop will mean for the domestic supply chain.
Turkish pulses in 7 key insights/ Mehmet Sonmez on chickpeas, lentils and the re-export market in 2024 Lara Gilmour talks to Mehmet Sonmez, Board Member at Armada Foods, about the economic situation, the chickpea crop and the lentil re-export program in 2024.
Australian new crop lentil, chickpea and faba update/ Nick Crowley on why there’s never a dull day in pulses Nick Crowley, Pulse Trader at CL Commodities, talks to Lara Gilmour about Australia’s current and upcoming chickpeas, lentils and fabas and the difficulty in finding containers.
Pulse markets in the Indian subcontinent/ “Stability and predictability are improving” Lara Gilmour chats to Abhishek Agrawal, Pulses Trader at Viterra about Indian yellow pea stocks, the upcoming Russian and Canadian harvests and increasing stability in Pakistan and Bangladesh.
Pulses in Australia, Pakistan and beyond/ 9 questions with Jatlee’s Sunil Kumar Lara Gilmour speaks to Jatlee’s Head of Pulses, Australia, about desi and lentil markets and how he manages the unpredictability of the pulse trade.
Turkish red lentil and chickpea markets/ An overview with Dr. Andac Kolukisa The Managing Director of Natural Gida shares his outlook on Turkey’s lentil and chickpea production and the situation for import and export in 2024.
Turkey pulse harvest update with Tuba Memis/ “The weather continues to be very hot, especially for green lentils and chickpeas” Tuba Memis of Memisoglu Tarim fills us in on the ongoing lentil, white bean and chickpea crops and the upcoming harvest
Black Sea pulses in 2024/ 7 questions with ETG’s Kirill Mikhailov The Commercial Regional Manager for Black Sea at ETG talks to Lara Gilmour about yellow pea production in the region, European feed demand and the quality of lentils in Russia and Kazakhstan.
Australian pulse production in 2024/25/ Desis, lentils, fabas and India’s role in the market We spoke to Abhishek Kotkar, Director of Gold Star International, to get his thoughts on India's removal of chana duty, the ongoing drought that could hamper Aussie lentils, and what to expect from this year's bumper crop of desis
South African pulse production in 2024/ AGT’s Brad Lever on the impact of increasing climate challenges In an interview with GPC, Brad Lever of AGT Foods Africa discusses bean stocks, prices and trade out of the region and his objectives as part of the Board of Directors.
North American acres and Chinese pea supplies/ Paola Duncan of Orionsea on what’s in store for 2024 We sat down to chat with Paola Duncan, Co-Founder of Canadian pulse exporter, Orionsea, to discuss climate change's effects on Canadian pulses, Mexican bean scarcity, and why China could be an important player for pea supplies this year.
Pakistan pulses outlook for 2024/ How the economics are shaping the market Michelle Dennis talks to Faisal Anis Majeed, COO of Bombi’s Group about the impact of the new government's policies, and the prevailing inflation and forex conditions shaping the pulses landscape.
Turkey’s lentil and chickpea markets in 2024/ “There’s a definite drop in re-exports” Luke Wilkinson chats with Yusuf Memis, Foreign Trade Director of Bashan Agro about his predictions for this year's Turkish lentil crop, and how the Red Sea crisis is adding extra costs to pulse exports.
Rabi crop and Canadian planting trade survey/ See the results of GPC’s market sentiment poll We anonymously surveyed members of the trade to get the market sentiment on lentil and gram crops in India and pea and lentil acres in Canada.
Top Grain’s Ivan Basov on the Russian market/ “The current margins on lentils are the best promotion for farmers” Ivan Basov talks to Lara Gilmour about Russia’s ever-increasing production of peas and lentils, Chinese demand and the factors impacting trade in 2024.
Adam Robinson on the Australian market/ “We’re expecting 30% higher chickpea acreages given the current pricing” We chat to Adam Robinson of Robinsons Grain, a family-owned business specializing in grains and pulses both internationally and domestically, about the current outlook for the Australian market.
“Crop yield and quality are still great despite El Niño”/ Arya Pulses on Australia’s production and exports Aravindhan Ravindraraj is the Director of Australian company Arya Pulses. We spoke with him about the latest export trends in Australia and predictions for next season.
Lika Khoptyanets on Black Sea markets/ “Kazahkstan had massive quality issues due to lack of experience” Lika Khoptyanets, Commodity Trader at Agroleader Europe LLC and Pulsar Trading talks to GPC about export prospects, the harvest in Ukraine and Kazakhstan and logistics surrounding the Black Sea.
Looking ahead to India’s rabi crop/ “The next three months are crucial - pulses will see significant volatility” Harsha Rai, owner of Mayur Global, on the pigeon pea harvest, how the General Election could impact the pulse market and how millers in India are overcoming higher prices and short supply.
Navigating India’s pulses market/ "It's crucial to acknowledge the complexities of the production-consumption gap” Michelle Dennis talks to Rishabh Agrawal, Managing Director of Kamal Pulses about the challenges facing Indian pulse markets and gets his insights into the strategic initiatives taken by the Indian government.
Argentina’s 2023 kabuli chickpea harvest/ Production on the road to recovery following three drought years Navneet Chhabra and Dario Bard checked in with Melisa Arribere and Caroline Bisoni, traders at Jewell Specialties (formerly Agronegocios Jewell) for the latest on Argentina’s 2023 crop.
“We’ve seen pet food trends mirror human consumption in pulses”/ Commercial Lynks on the US market Shanthi Gnanasekaran and Hannah Fratt, Marketing Assistant and Logistics Specialist for Commercial Lynks, Inc discuss a strong year for yellow peas and domestic chickpea consumption in the USA.
Saurabh Bartia zooms in on market dynamics/ “Global lentil supply is reduced and India’s demand is up 400 KMT” 15 years in the pulses trade means GPC Board member Saurabh Bhartia knows a few things about pulse market dynamics. He discusses India’s pulses scenario and pigeon, desi and lentil markets with Lara Gilmour.
“MRL issues are no longer just a supplier problem”/ Mattia Pedon on why building good supply chains is vital The Purchasing Director at Pedon Group on this year’s Italian pulse landscape, the post-covid slide away from organic, and the importance of ‘dirty shoes’.
Esteban Davila on the US export market:/ “There’s no reason for lentil prices to drop until at least May or June” Esteban Davila, sales manager for Great Northern Ag, discusses the conditions of this year’s harvest around the globe, his outlook on prices, and what the near future may hold.
“I see us hitting one million MT in four years - or sooner”/ Tareq Awad on Russia’s 2023 Kabuli chickpea crop As part of our series on global kabuli chickpea markets, Navneet Chhabra of Global Garbanzo and Dario Bard of the GPC reached out to Fruitimpex’s Tareq Awad to discuss Russia’s 2023 crop.
“It’s an opportunity to find markets and grow,”/ Tatiana Alaverdova looks ahead to the Agro&Food Security Forum The Commercial Manager of the Ukrainian agriculture company talks about the trading challenges caused by the Russian invasion and the possibility of new partnerships at the Agro&Food Security Forum.
"The shortage of large calibers had an immediate effect on prices"/ Zooming in on Turkey’s kabuli chickpea crop As part of the our series on global kabuli chickpea markets, Navneet Chhabra of Global Garbanzo and Dario Bard of the GPC reached out to Armada Foods’ Fethi Sonmez to discuss Turkey’s 2023 production and trade outlook.
Developments in the Pakistani market/ Bilal Doni on lower acreages, decreased consumption and new import routes Bilal Doni, Head of Sales and Trading at Doni and Company talks to Sonia Sharma about the Pakistani harvest, developments in the pulse import market and how Ramadan could impact demand.
Harish Tahiliani of Arab India Spices/ “Lentil prices will reach a level that creates demand restriction” CEO of Dubai-based Arab India Spices and GPC board member, Harish Tahiliani, sits down to share his insights on this year’s high lentil prices, a depleted Kharif crop, and how commitment is the key to success.
Tuba Memis on the 2023 harvest/ “Turkish red lentils will be the most competitive in the domestic market” Tuba Memis, General Manager of Memisoglu Tarim, discusses the Turkish harvest, resilient Russian exports, and why Turkey will be this year’s foremost chickpea provider.
“It’s all to play for in the coming weeks”/ Will Watchorn on Canada’s crop and feed markets across the globe Global Head of Pulses at Viterra and newly appointed GPC Board member Will Watchorn on the future of processing, the threat of El Niño and what’s on the cards for feed demand in 2023