By Commodity News Service Canada
Winnipeg, Feb. 24 (CNS Canada) – Canada exported 92,600 tonnes of peas during the week ended February 19, according to the latest Canadian Grain Commission data.
Total pea exports to date, of 2.15 million tonnes are still running well ahead of the 1.72 million exported during the same period the previous year.
However, a looming shift to India’s policies on fumigation may soon put future exports at risk. An exemption is set to expire on March 31, which will force Canadian pulses to be fumigated before arrival in India. However, the methyl bromide required by India as an insect killer does not work in Canada’s cold temperatures and is also considered an ozone damaging chemical. Trade is currently said to be at a standstill as Canadian officials work on a solution.
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Lentil bids in Western Canada dropped by roughly five to 12 cents per pound over the past week, according to the latest Prairie Ag Hotwire data. Number 2 Laird lentils currently top out at about 56 cents per pound in Western Canada, with new crop bids as high as 36 cents per pound. Red lentils are bid up to 26 cents per pound in both the spot and new crop market.
Green pea prices range from C$8.15 to as high as C$9.00 per bushel in Western Canada. Yellow peas range from C$7.50 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 52 cents per pound in Western Canada.
