By Commodity News Service Canada
Winnipeg, March 10 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Thursday, March 10.
– 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.
– Forecasts are calling for heavy rains across some key pulse growing regions of India over the next week, which may create problems for the Rabi harvest.
– High prices are encouraging some Australian farmers to plant more chickpeas this year, according to reports out of the country.
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– 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 come down over the past week, with bids of 44 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.
