MarketsFarm — As tensions between Canada and India remain very high, the future direction for Canadian lentils continued to be uncertain. “Your guess is as good as mine,” Marcos Mosnaim of Export Packers said as to what could happen, adding “Canada has to be careful. I don’t know what India will do.” Prime Minister Justin […] Read more
Pulse weekly outlook: India dispute leaves lentils’ future uncertain
India was Canada's top customer in 2022-23
Pulse weekly outlook: lentils poised to go either way pricewise
Everything is dependent on the yields come harvest says analyst
MarketsFarm – Before the harvest of lentils gets underway across the Canadian Prairies, there has been some speculation as to which way prices could go, according to Levon Sargsyan of Johnston’s Grain. “Of the two stories I’m getting, one is from farmers, and one is from buyers, and of course there’s bias,” Sargsyan commented. “[The […] Read more
Pulse weekly outlook: recent rains could stabilize crops
Prices for pulses across Western Canada have been steady
Marketsfarm – Despite the rain the Canadian Prairies received since July 17, MarketsFarm Pro analyst Mike Jubinville pointed out that the major pulse crop areas got very little. While any precipitation has been beneficial to this year’s crops struggling with dry conditions, Jubinville said, it won’t help that much. “In terms of advancing pea and […] Read more
Pulse weekly outlook: Fewer growers signing up their green lentils
'A lot of interest' seen for red lentils
MarketsFarm — There has been a divergence of prices between green and red lentils so far in 2023, according to Levon Sargsyan of Johnston Grains at Weyburn, Sask. Sargsyan said he hasn’t seen too many acres of green lentils signed up for this year, while it’s the opposite case for the reds. “I’m seeing some […] Read more
Pulse weekly outlook: Demand nudges lentil prices upward
Rapid rises seen leading to 'pause mode'
MarketsFarm — There have been some modest upticks in green and red lentil prices recently due to increased demand from India and Turkey, according to Marcos Mosnaim of Export Packers. “We went so fast up in prices that we are getting into a pause mode,” he said. “Buyers have to accept the new prices. So […] Read more
Pulse weekly outlook: India looking for lentils, large Australian crop in play
India extends zero-rate tariff
MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more
Pulse weekly outlook: New-crop green lentil bids in line with year ago
MarketsFarm — New-crop lentil bids are starting to become available in Western Canada, with early pricing indications for green lentils not that far off the levels seen at the same time a year ago. New-crop pricing for large green lentils delivered to the elevator in the fall of 2023 can currently be found in the […] Read more
Pulse weekly outlook: Price disconnect between lentil growers, destinations
Stronger loonie pressures prices
MarketsFarm — There’s something of a disconnect in green lentil prices, between what Canadian farmers have seen recently and to where those pulses are being sold, according to Toronto-based Marcos Mosnaim of Export Packers. Green lentils increased in price up until a couple of weeks ago, Mosnaim said. “It was a combination of farmers not […] Read more
Pulse weekly outlook: Canada’s pea, lentil exports to rise while prices fall
MarketsFarm — Canadian pea and lentil exports should see considerable increases during the 2022-23 marketing year after drought cut into available supplies in 2021-22, according to the latest supply/demand production from Agriculture and Agri-Food Canada (AAFC). However, total movement may still come in well below five-year averages. Canadian pea exports are forecast at 2.7 million […] Read more
Pulse weekly outlook: India extends lentil tariff suspension
Canada's 2022 crop looks nearer to normal
MarketsFarm — The decision by India’s government to continue with a suspension of import tariffs on lentils has been met with a sigh of relief from Pulse Canada. On Feb. 12, India removed an 11 per cent tariff on Canadian lentils, just seven months after reducing the same tariff from 33 per cent. On July […] Read more
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