Pulses: Ag Canada maintains large carryout forecasts

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By Commodity News Service Canada


Winnipeg, March 20 (CNS Canada) – Canada exported 87,900 tonnes of peas during the week ended March 12, according to the latest Canadian Grain Commission data.


Total Canadian pea exports to date, of about 2.36 million tonnes, are running about 500,000 tonnes ahead of the previous year’s pace.


Weekly lentil exports of only 100 tonnes brought the year-to-date total to 607,200 tonnes, which compares with 566,300 tonnes at the same point the previous year.


Agriculture and Agri-Food Canada left its supply/demand estimates relatively unchanged for the major pulse crops in its latest report, released March 17. Total pea ending stocks in 2017/18 are forecast to rise to 1.1 million tonnes, from an estimated 875,000 tonnes in the current marketing year. The lentil carryout in 2017/18 is forecast to rise to 925,000 tonnes, from 425,000 in the current year and only 73,000 in 2015/16.


Top end large green lentil bids have trended lower in recent weeks, with number 2 Lairds currently topping out at about 48 cents per pound, according to Prairie Ag Hotwire data. New crop bids, meanwhile, are lower still at about 32 to 35 cents per pound.


Red lentil bids range from about 20 to 26 cents per pound, with new crop prices topping out at 23 cents.


Green pea bids range from rom C$7.65 to C$8.50 per bushel in Western Canada. Yellow peas range from C$7.00 to C$8.75 per bushel, according to Prairie Ag Hotwire.


Large calibre (10mm) kabuli chickpeas are currently seeing prices top out at 47 cents per pound in Western Canada.