By Commodity News Service Canada
Winnipeg, July 6 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Wednesday, July 6.
– Mozambique has signed a memorandum of understanding (MOU) with India that will see the African country grow more Indian pulse varieties for export. Trade between the two countries is expected to grow from 100,000 tonnes to 200,000 tonnes by 2020/21.
– 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 35.5 cents per pound, which compares with top end old crop prices of 42 cents.
– New crop green pea prices range from C$7.50 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.