By Commodity News Service Canada
Winnipeg, Jan. 25 (CNS Canada) – Farmers in India are reportedly being forced to sell their pulse crops at levels below the government’s minimum support prices due to an influx of imports, according to data released by the Indian Pulses and Grains Association.
Domestic production of a number of crops came in above expectations, but imports were already contracted earlier in the year at higher prices and are now flooding the market, according to the report.
Number 2 Laird lentils are currently topping out at about 66 cents per pound in Western Canada, while red lentils are bid up to 30 cents per pound, according to the most recent Prairie Ag Hotwire data. New crop bids are considerably lower, topping 40 cents for green lentils and 23 cents for red lentils.
Green pea prices range from C$8.22 to as high as C$9.00 per bushel in Western Canada. Yellow peas range from C$7.62 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 70 cents per pound in Western Canada.
