By Dave Sims, Commodity News Service Canada
Winnipeg, May 25 – Agriculture Canada has lowered its pea stock estimates for the 2016/17 marketing year. Total pea ending stocks for 2016/17 are now forecast at 325,000 tonnes, which compares with the April estimate of 875,000 tonnes. Carryout for 2017/18 is forecast to be even tighter, at 300,000 tonnes. That would be well below the April estimate of 1.1 million tonnes.
Bids for kabuli chickpeas (10mm) on the Canadian Prairies are keeping firm, according to the latest information from the Prairie Ag Hotwire. Prices are listed at 69 to 70 cents per pound.
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Pinto beans in Manitoba are priced at 38 cents per pound.
Green peas are locked in a range of C$7.80 to C$8.50 per bushel.
The president of Sri Lanka is visiting Australia this week in a bid to improve trade. Every year, Sri Lanka imports US$209 million worth of goods from Australia and lentils constitute a significant portion of that. One of the main topics the two sides will be discussing is how to clamp down on smuggling.
