GFM Network News



Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more


Pulse weekly outlook: Tight supplies push up green lentil prices

Summer exports 'unusually good'

MarketsFarm — Prices for green lentils in Western Canada have been on the upswing, with Lairds rising by between six and 12 cents/lb. “The summer exports were unusually good and are going fairly well right now,” said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “People are realizing overall green lentil supplies, primarily in […] Read more

Pulse weekly outlook: Peas, lentils see some strength

Lentil trade watching India

MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50 […] Read more


India restores reduced tariff on lentil imports

All but U.S. lentil imports to get better break on duty, again

India has reinstated a reduced-rate tariff on imports of lentils from Canada as well as from all lentil-exporting nations other than the United States. Saskatchewan Pulse Growers on Friday reported receiving a Sept. 17 notification of amendment from India’s finance ministry regarding customs tariffs on lentils, which in Canada’s case had snapped back to 33 […] Read more

Saskatchewan lentil crop projections raise skepticism

MarketsFarm — There’s a little skepticism towards Statistics Canada’s projections for this fall’s lentil crop in Saskatchewan. The federal agency on Monday pegged the province’s 2020 lentil crop to come in at around 2.61 million tonnes on about 3.73 million acres. That’s almost a 26 per cent jump in production on a 13.2 per cent […] Read more



Pulse weekly outlook: Harvest activity pressures lentils

MarketsFarm — With harvest activity beginning across most of the Prairies, pulse prices are experiencing typical harvest pressure. About 20 per cent of the lentil crop has been harvested in Saskatchewan, according to the province’s crop report from Thursday. The west-central region lagged furthest behind the province’s average rate, with just seven per cent of […] Read more