By Commodity News Service Canada
Winnipeg, Jan. 12 (CNS Canada) – The US is sitting on larger supplies of peas and lentils than they were at the same time a year ago, according to the latest USDA data.
As of December 1, 2016, total US dry edible pea supplies came in at 14.9 million hundredweight, which was up by roughly five million hundredweight from the same time a year ago. Lentil stocks, at 5.1 million hundredweight compare with 2.6 million at the same point a year ago. Chickpea stocks in all positions of 2.1 million hundredweight compare with 1.8 million at the same point in 2015.
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.
Green pea prices range from C$8.22 to as high as C$9.50 per bushel in Western Canada. Yellow peas range from C$7.83 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 70 cents per pound in Western Canada.
