By Commodity News Service Canada
Winnipeg, June 8 (CNS Canada) – The global demand for plant protein is forecast to expand by 8.3 per cent over the next four years, according to a report from Research and Markets.
The global lentil market is forecast to grow to 7.9 million tonnes by 2022, from 5.9 million tonnes in 2016, according to a report from Expert Market Research.
French pulse processing company Roquette announced a 40 million euro investment in its Vic-sur-Aisne plant in France to increase capacity and help the company better meet global demand for plant-based protein. The latest investment follows the company’s announcement that it was building a processing plant in Manitoba, Canada.
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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 26.5 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$7.95 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.
