By Commodity News Service Canada
Winnipeg, March 7 (CNS Canada) – Canadian agriculture minister Lawrence MacAulay is in India this week leading a trade delegation. The issue of Canadian pulse exports to India is expected to be near the top of the agenda, as a March 31 deadline that would see India implement stricter fumigation rules (and effectively stop Canadian pulses from entering the country) fast approaches.
Global pulse production outside of India is expected to decline to about 54 million tonnes in 2017, from 55.6 million the previous year, according to a report from STAT Publishing that cited lower prices and expectations for a return to average yields.
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Number 2 Laird lentils currently top out at about 56 cents per pound in Western Canada, with new crop bids as high as 36 cents per pound. Red lentils are bid up to 24 cents per pound in the spot market and as high as 23 cents per pound for new crop.
Green pea prices range from C$7.65 to as high as C$9.00 per bushel in Western Canada. Yellow peas range from C$7.00 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 47 cents per pound in Western Canada.
