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Pulses: India’s monsoon forecast upgraded

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Published: June 6, 2017

By Commodity News Service Canada

Winnipeg, June 6 (CNS Canada) – India’s annual monsoon rain is expected to bring 98 per cent of average precipitation this year, according to an updated forecast from the country’s weather department, raising the moisture forecast by two points. The monsoon rains are vital for the country’s pulse and grain production.

Edible bean seeding is nearly complete in central Manitoba, where the bulk of the province’s beans are grown, according to the latest provincial report. Field peas in the province are “growing well, up to the six node stage and further.”

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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.

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