By Commodity News Service Canada
Winnipeg, Feb. 25 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Thursday, February 25.
– Chickpea prices are looking so strong in Australia that some farmers are contemplating a back-to-back rotation, but the country’s Grains Research and Development Corporation is warning producers against such a poor rotational choice. Given disease and yield issues, the group advises a one in four rotation for chickpeas.
– India remains a major customer for Canadian pea and lentils, and should remain good buyers over the next year, according to industry officials out of both countries. However, the extent of the buying interest going forward remains to be seen.
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– Green pea prices in the C$8.50 to C$9.50 per bushel range are being reported in Western Canada. Meanwhile, yellow peas remain strong, with bids as high as C$14.50 per bushel reported in some locations. Red lentil bids as high as 54 cents per pound are being reported in some locations, while number two large green lentils are now hitting prices as high as 71 cents and number ones have topped 76 cents at some locations.
– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 46 cents per pound.
