By Commodity News Service Canada
Winnipeg, Feb. 7 (CNS Canada) – India has purchased 971,000 tonnes of pulses to date in an effort to grow its buffer stocks, according to official reports. The government has a target of 2.0 million tonnes.
Farmers in India have seeded 16 million hectares to pulse crops during the current Rabi (winter) season. The seedings are a new record and about two million hectares above average, according to government reports.
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$8.00 to as high as C$9.00 per bushel in Western Canada. Yellow peas also range from C$8.00 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 64 cents per pound in Western Canada.