By Commodity News Service Canada
Winnipeg, May 11 (CNS Canada) – India’s upcoming southwest monsoon, which typically accounts for 70 per cent of the country’s annual rainfall, is forecast to be ‘average’, according to an updated outlook from the India Meteorological Department. That’s an improvement from an earlier forecast. The monsoon onset is forecast for mid-June.
Top end large green lentil bids are holding relatively firm in Western Canada, with number 2 Lairds currently topping out at about 48 cents per pound, according to Prairie Ag Hotwire data. New crop bids, meanwhile, range from about 31 to 39 cents per pound.
Red lentil bids range from about 22 to 26.5 cents per pound, with new crop prices also topping out at 25 cents.
Top-end green pea bids range from C$7.65 to C$8.75 per bushel in Western Canada, while yellow peas range from C$7.60 to C$9.30 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 68 cents per pound in some cases, although a lack of supplies may limit any actual movement.
