By Commodity News Service Canada
Winnipeg, July 5 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Tuesday, July 5.
– The levy collected by the Saskatchewan Pulse Growers for pulses sold in the province will decline to 0.67 per cent on August 1, 2016. That compares with the current levy of one per cent. The reduced levy will last for one year, and was tied to increased prices and acres.
– India is a large international market for pulses, and industry participants continue to follow the monsoon conditions in the country closely this year after poor moisture in recent years. Rainfall amounts have generally been good so far, although there are still a number of key pulse growing areas facing deficiencies.
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– New crop number 2 Laird lentils are currently topping out at about 43 cents per pound in Western Canada, according to Prairie Ag Hotwire data. That is well off old crop bids near 70 cents, but still historically strong. New crop red lentils are bid at up to 33 cents per pound, which compares with top end old crop prices of 48 cents.
– New crop green pea prices range from C$7.60 to as high as C$9.25 per bushel in Western Canada, while old crop bids top out at C$9.75 per bushel. New crop yellow peas range from C$8.50 to C$9.75 per bushel, which compares with old crop bids of C$8.60 to C$9.90, according to Prairie Ag Hotwire data.
