Pulses: Big Canadian pulse acres only limited by seed supply

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Published: March 15, 2016

By Commodity News Service Canada

Winnipeg, March 15 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Tuesday, March 15.

– High pea and lentil prices in Western Canada continue to drive interest in seeding more acres this spring, but seed supplies are starting to become an issue for some varieties.

– Analysts with G3 Canada are forecasting lentil area to rise by 25% in western Canada and peas by 17%, according to reports. G3 said the area seeded to the pulse crops could rise even more, were it not for tight seed supplies.

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– Heavy rains and hailstorms in parts of India are cutting into the production prospects for rabi season crops, that were already hit hard by drought earlier in the growing season.

– India imported 5.3 million tonnes of pulses during the financial year to February 11, according to a recent report to the country’s Parliament. The imports compare with the total pulse imports of 4.6 million tonnes seen the previous year.

– Green pea prices in the C$8.55 to C$9.00 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 have shown some strength, with bids of 50 cents per pound now being reported in some locations. Meanwhile, number two large green lentils are now hitting prices as high as 75 cents and number ones have topped 77 cents at some locations.

– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 45 cents per pound.

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