By Commodity News Service Canada
Winnipeg, March 11 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Friday, March 11.
– Canadian pea and lentil area could easily pass 10 million acres in 2016, far surpassing the previous record of 7.6 million acres for the two crops, according to a recent presentation from AGT Food and Ingredients. However, separate anecdotal reports from the countryside are raising questions over seed supplies heading into the spring, as pulses are a hot commodity.
– Canada has exported 566,200 tonnes of lentils and 1.656 million tonnes of peas during the 2015/16 crop year to date, according to the latest Canadian Grain Commission data. Exports of both crops continue to run well ahead of the previous year’s pace.
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– Forecasts are calling for heavy rains across some key pulse growing regions of India over the next week, which may create problems for the Rabi harvest.
– Green pea prices in the C$8.55 to C$9.00 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 44 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.