By Commodity News Service Canada
Winnipeg, March 8 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Tuesday, March 8.
– Demand from India remains a major supportive influence in the global pulse market, with the already high wholesale prices rising in recent reports. Tight supplies and an increase in demand from retailers were reportedly behind the latest upward move in local pulse prices.
– Manitoba farmers could be seeding less area to edible beans this spring, with a provincial specialist pegging intentions at about 100,000 to 110,000 acres, according to reports. That compares with the 128,000 acres seeded to dry edible beans in Manitoba in 2015.
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– Across the border, the USDA’s Risk Management Agency has released its projected prices for dry bean crop provisions and revenue endorsement. For dry beans in Minnesota and North Dakota, projected revenue prices are 22 US cents a pound for black, pinto and navy beans, and US 34 cents for dark red kidneys, according to a report from Northarvest Bean Growers Association.
– Green pea prices in the C$8.55 to C$9.50 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 48 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.
