By Commodity News Service Canada
Winnipeg, Nov. 22 (CNS Canada) – Canadian chickpea prices are moving sharply higher, as end users look to secure coverage in the midst of very tight supplies.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 65 cents per pound in Western Canada, according to Prairie Ag Hotwire data. One trader had heard of prices as high as 70 cents, but was skeptical if any business was actually taking place at that level, especially as actual supplies that would meet the criteria are few and far between. Most of the country’s chickpea crop is likely destined for feed channels, with feed prices in the 25 to 32 cents per pound area, according to industry sources.
Number 2 Laird lentils are currently topping out at about 60 cents per pound in Western Canada, while red lentils are bid up to 36 cents per pound.
Green pea prices range from C$7.50 to as high as C$9.00 per bushel in Western Canada. Yellow peas range from C$6.85 to C$8.50 per bushel.
