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Pulses: India falling behind reaching buffer stock target

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Published: December 21, 2016

By Commodity News Service Canada

Winnipeg, Dec. 21 (CNS Canada) – India’s government is unlikely to hit its target of creating a two million tonne buffer stock of pulses, according to reports out of the country, as only 200,000 tonnes of the total have been acquired to date.

Number 2 Laird lentils are currently topping out at about 64 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. Yellow peas range from C$7.65 to C$9.00 per bushel.

Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 70 cents per pound in Western Canada, according to Prairie Ag Hotwire.

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