By Commodity News Service Canada
Winnipeg, March 9 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Wednesday, March 9.
– After drought conditions caused problems for pulse crops in India over the past year, the concern now is untimely rains, with excess moisture creating problems in many states ahead of the rabi season harvest, according to the latest reports out of the country.
– Some US farmers in northern tier US states are looking at branching out beyond their traditional soybean, corn, and wheat rotations, with lentils and chickpeas two prime candidates for increased area this year, according to a report from Modern Farmer.
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– General Mills has announced plans to double the acreage devoted to organic crops that it sources ingredients – hitting 250,000 acres by 2019.
– Green pea prices in the C$8.55 to C$9.50 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 48 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.
