By Commodity News Service Canada
Winnipeg, April 25 (CNS Canada) – India’s food ministry is considering raising import duties on tur dal (pigeon peas) from 10 per cent to 25 per cent in an effort to protect domestic prices for farmers, according to reports out of the country.
Canadian lentil seedings could end up above the relatively low 4.39 million acres forecast by Statistics Canada, according to a report in the Western Producer. Average trade guesses predict lentil area at closer to 5.1 million acres.
Top end large green lentil bids are holding relatively firm in Western Canada, with number 2 Lairds currently topping out at about 48 cents per pound, according to Prairie Ag Hotwire data. New crop bids, meanwhile, range from about 31 to 39 cents per pound.
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Red lentil bids range from about 22 to 26 cents per pound, with new crop prices also topping out at 25 cents.
Top-end pea bids are moving higher, according to the latest Prairie Ag Hotwire data. Green pea bids range from C$7.65 to C$8.75 per bushel in Western Canada, while yellow peas range from C$6.70 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 65 cents per pound in some cases, although a lack of supplies may limit any actual movement.