By Commodity News Service Canada
Winnipeg, Dec. 7 (CNS Canada) – Canada wasn’t the only country that took the UN’s International Year of the Pulse to heart, with Australia also expected to produce record large pulse crops this year.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) pegs chickpeas in the country at a record 1.23 million tonnes, which would be up 21 per cent from the previous year.
Lentils in the country are forecast at 450,000 tonnes, which would be 74 per cent above the previous record.
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Australia is much closer to the major pulse demand centres in Asia than Canada, which should become a factor in the export markets going forward.
Number 2 Laird lentils are currently topping out at about 63 cents per pound in Western Canada, while red lentils are bid up to 32.5 cents per pound, according to Prairie Ag Hotwire data.
Green pea prices range from C$8.00 to as high as C$9.50 per bushel in Western Canada, rising by about fifty cents per bushel at the top end over the past week. Yellow peas range from C$6.85 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 65 cents per pound in Western Canada, according to Prairie Ag Hotwire data.
