By Commodity News Service Canada
Winnipeg, Aug. 28 (CNS Canada) – Canadian pea and lentil production are expected to be down on the year when Statistics Canada releases its first survey-based estimates on the size of the 2017 crop on August 31. However, quality is expected to be up considerably, which may limit the impact of the smaller crops on exports.
Pea production is forecast at 3.4 million to 4.0 million tonnes, which would compare with the 4.8 million tonnes grown in 2016. The lentil crop is estimated at 1.9 million to 2.8 million, which compares with 3.2 million the previous year.
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The dryness that cut into yields in many cases was said to be beneficial from a quality standpoint.
Number 2 large green laird lentils are currently topping out at about 43 cents per pound, according to Prairie Ag Hotwire data. Red lentil bids range from about 20 to 24 cents per pound.
Top-end green pea bids range from C$8.00 to C$8.75 per bushel in Western Canada, while yellow peas range from C$7.50 to C$8.25 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 63 cents per pound in some cases.
