MarketsFarm — Canadian pea and lentil production failed to live up to earlier projections, according to the latest survey data from Statistics Canada. While both crops are still forecast to be above their year-ago levels, the tightening supply expectations should underpin prices. Canada’s 2019-20 lentil crop was pegged at 2.17 million tonnes in the government […] Read more
Pulse weekly outlook: Balance sheet tightening
Grain World: Opportunities great for Canadian pulses, AGT CEO says
Saskatoon | MarketsFarm — To Murad Al-Katib, the opportunities for Canadian pulse exports to India are amazing, provided one correctly understands the context of India’s tariffs on pulses. Also, he said, those Canadian exporters must realize they need to switch from being solely dependent on commodities to adding value by shipping food and ingredients. “We […] Read more
Pulse weekly outlook: FCC sees opportunities for exports
MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more
Pulse weekly outlook: Green pea bids still pointed higher
MarketsFarm — Green pea prices in Western Canada continue to rise, while bids for most of the other major pulses grown in the Prairies are also trending higher. Spot green pea bids have risen by about 70 cents per bushel over the past two weeks to currently top out at $10.50 per bushel, according to […] Read more
India looking to import pulses
MarketsFarm – Although India has prioritized producing their country’s own pulses self-sufficiently, unprecedented rainfall in October and November could turn the country back to relying on imports. A statement from the chairman of the Indian Pulses and Grains Association (IPGA), Zaverchand Bheda, said as much as 50 per cent of the urad pulse crop was […] Read more
Green, yellow pea price spread to widen
MarketsFarm – Quality issues with Canada’s green pea crop are starting to show up in the cash market, with a widening spread between green and yellow peas expected going forward. Top end green pea bids have risen by more than a dollar per bushel over the past month, while yellow peas have only increased by […] Read more
Pulse weekly: Large supply of feed chickpeas drags prices
Saskatchewan’s chickpea crop hasn’t been exempt from this season’s challenging harvest conditions. As of Oct. 21, 20 per cent of the province’s chickpea crop was unharvested. What still remains on the field will likely be feed quality at this point. Colin Young of Midwest Grain Ltd. in Moose Jaw, Sask. explained that some chickpea fields […] Read more
Pulse weekly outlook: India market likely pushing up prices
MarketsFarm — Faced with weather concerns surrounding its pigeon pea crop, India has been very likely buying lentils from Canada, said MarketsFarm analyst Mike Jubinville. Over the last month, prices for large green lentils have jumped 25 per cent because of issues with pigeon peas, said Jubinville. Green lentils can be substituted for the pigeon […] Read more
Pulse weekly outlook: Early snow hurts edible bean prospects
MarketsFarm — An early snow storm hit key edible bean growing regions of Manitoba and the northern U.S. hard, with a large portion of the crop in the region now facing an uncertain future. “It is unprecedented what’s happened at this point,” said Tim Courneya, executive vice-president of the Northarvest Bean Growers Association, which represents […] Read more
Allegations of U.S. peas, lentils passed off as Canadian
MarketsFarm — A company in the United States has alleged there are green peas and green lentils being shipped from the U.S. to Canada, then exported to China and India as being Canadian. Jeff Van Pevenage, president of Columbia Grain at Portland, Ore., first made the allegations to the Western Producer in September. He said […] Read more
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