MarketsFarm — Prices for green and red lentils are very likely to remain relatively steady, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “Inventories are relatively low and there are not a lot of people to go to for green lentils in Canada,” she said. “From a buyer’s point of view, they’re […] Read more
Pulse weekly outlook: Lentil prices expected to hold
Pulse weekly outlook: India removes tariffs on most lentil imports
MarketsFarm — Lentil suppliers in Canada have received a bit of a boost from a surprise policy decision overseas. India’s government on Feb. 12 suspended all tariffs on most lentil imports, which will reduce costs for its two largest exporters, Canada and Australia, to ship the crop to the country. The tariff removal is not […] Read more
Pulse weekly outlook: Lentil prices decline, may shift in spring
MarketsFarm — Prices for Canadian lentils, along with other pulses in the country, have slightly declined since the start of 2022. However, one pulse buyer thinks the next few months can recharge the market. Lionel Ector, president of Diefenbaker Spice and Pulse at Elbow, Sask., explained that a good Australian lentil harvest in December has […] Read more
Pulse weekly outlook: Lentils steady during holidays
MarketsFarm — There isn’t much movement in lentil prices as the market is in holiday mode, according to Dale McManus of Johnston Grains at Welwyn, Sask. “We’re doing two or three loads every second or third day, but not over-pushing it,” he said. Prices for lentils have been very steady this week. Lairds in Western […] Read more
Pulse weekly outlook: Lentil prices steady to lower despite supply cuts
Lentil crop smallest in almost a decade
MarketsFarm — Just like many other crops in Western Canada, lentil production was cut sharply due to this year’s drought. Canada’s lentil crop was reduced by 37.2 per cent to 1.802 million tonnes for the 2021-22 marketing year, according to Agriculture and Agri-Food Canada’s (AAFC) principal crop estimates from Friday. The total represents Canada’s lowest […] Read more
Pulse weekly outlook: Possible seed shortage for lentils
With lentil yields varying across the Prairies this year some growers could find themselves short on seed to plant in 2022. “It depends on if you have booked seed already somewhere or you normally clean your own,” said Dale McManus, trader with Johnston’s Grain in Welwyn, Sask. “A lot of lentils haven’t brought to the […] Read more
Pulse weekly outlook: Lentils up on lower production, stronger demand
MarketsFarm — As with so many other crops on the Prairies, production of lentils will be lower this year due to the drought. However, MarketsFarm Pro senior analyst Mike Jubinville said the lentil crop likely fared a bit better than cereals or oilseeds. Earlier this year, Statistics Canada projected lentil production to come at about […] Read more
Pulse weekly outlook: Lentil prices seen as too high, sales stalling
'Destination markets are not in desperation mode'
MarketsFarm — Prices for pulses, such as lentils for example, have been approaching the point where they are good for growers but getting too expensive for the destination markets, according to Marcos Mosnaim of Mercaris Commodities. “It’s a kind of an interesting scenario, where you see farmers not selling and prices to farmers keep going […] Read more
World Food Programme starts distributing food in Venezuela
Reuters — The U.N. World Food Programme (WFP) said Wednesday it had begun distributing school meals to children in Venezuela, where some seven million people require humanitarian assistance after years of economic collapse in the once-prosperous OPEC nation. The WFP’s first take-home rations were distributed for children under six years old at some 277 schools […] Read more
Pulse weekly outlook: India’s tariff elimination has little effect on Canada
MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more
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