By Commodity News Service Canada
Winnipeg, June 5 (CNS Canada) – Chickpea prices are forecast to stay firm in Western Canada in 2017, although rising US production may limit some demand.
Canadian chickpea acres are forecast to be down slightly on the year, but a return to average yields would see production come in very close to the 120,000 tonnes grown in 2016/17, according to a report from Chuck Penner of LeftField Commodity Research. He said tight world supplies and concerns over dry conditions in Turkey were supportive influences. However, the US is the largest buyer of Canadian chickpeas, and the country’s own seeded area is forecast to be up considerably on the year.
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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 23 to 27 cents per pound, with new crop prices also topping out at 25 cents.
Top-end green pea bids range from C$8.00 to C$8.75 per bushel in Western Canada, while yellow peas range from C$7.98 to C$9.75 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 70 cents per pound in some cases, although a lack of supplies may limit any actual movement.
