By Commodity News Service Canada
Winnipeg, July 28 (CNS) – Prices for navy beans in the United States could be on the rise, according to a report in the Flathead Beacon. Much of North Dakota, which leads the country in production of navy beans and pinto beans, is locked in a drought right now. The state’s agriculture commissioner, Doug Goehring, says some producers have told him it’s the driest conditions they’ve seen in 50 years.
According to a report from Queensland Country Life, chickpea prices will likely be volatile going forward, despite a drastic reduction in this year’s production. Pulse Australia estimates total chickpea production will reach 1.5 million tonnes in 2017/18. That compares to last year’s total of 2.1 million. Normally, that might give prices a bump but India’s monsoon reason was more favourable this year, and prices have been coming off last year’s highs, so a rise in price isn’t guaranteed.
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Laird #2 lentils rose seven cents last week, according to the latest information from the Prairie Ag Hotwire. Bids are now listed at 33 to 45 cents per pound.
Kabuli chickpeas (10mm) rose one cent last week and are now priced at 70 to 71 cents a pound.
Yellow peas on the Prairies dropped C$1.50 per bushel according to the latest report from the hotwire. Bids are now listed at C$7.00 to C$8.25 per bushel.
Pinto beans in Manitoba fell half a cent during the past week and are now going for 35 cents a pound.
