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Pulses: World pea crop tops five-year average

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Published: October 5, 2016

By Commodity News Service Canada

Winnipeg, Oct. 5 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Wednesday, October 5.

– The North American edible bean harvest is nearing its final stages, according to the latest report from Thompsons Limited. Ontario and Minnesota were both farthest along in the harvest, at about 95 per cent complete, while Michigan, North Dakota, and Manitoba have as much as 30 per cent to go.

– World pea production is forecast to hit 10.86 million tonnes in 2016/17, according to a report from Stat Publishing in the latest Sask Pulse newsletter. The world production would be well off the record 18.6 million tonnes grown in 1990, but still well above the five-year average of 10.86 million. Of the total, Canadian yellow peas will account for 4.1 million tonnes, while green peas are forecast at 509,700 tonnes.

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– Number 2 Laird lentils are currently topping out at about 48 cents per pound in Western Canada, according to Prairie Ag Hotwire data. Red lentils are bid at up to 30 cents per pound.

– Green pea prices range from C$6.80 to as high as C$7.50 per bushel in Western Canada. Yellow peas range from C$6.00 to C$7.50 per bushel.

– Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 53 cents per pound in Western Canada.

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