By Commodity News Service Canada
Winnipeg, Feb. 12 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Friday, February 12.
– Canada exported 12,200 tonnes of lentils during the week ended February 7, with 554,000 tonnes of the pulse crop exported to date, according to the latest Canadian Grain Commission data. That remains well ahead of the 345,300 tonnes exported during the same timeframe the previous year.
– Canada exported 28,700 tonnes of peas during the week ended February 7, according to the CGC. That brought total exports for the marketing-year-to-date to 1.674 million tonnes, which compares with 1.506 million at the same point the previous year.
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– India remains at the forefront of the global pulse market, with domestic shortages and weather concerns underpinning world markets. The high prices have seen the rise of pulse hoarding, but government officials continue to crack down on the illegal warehouses. The latest reports out of Delhi include a raid on a warehouse where 1,200 tonnes of various pulses were being hoarded.
– Saskatchewan politicians and industry leaders are on their way to India and the United Arab Emirates as part of a trade mission to boost demand for the province’s peas and lentils. The Saskatchewan Trade and Export Partnership mission will run from February 17 to 25, according to reports.
– Green pea prices in the C$9.00 to C$9.75 per bushel range are being reported in Western Canada. Meanwhile, yellow peas are also strong, with bids as high as C$14.00 per bushel now reported in some locations. Red lentil bids as high as 54 cents per pound are being reported in some locations, while number two large green lentils are now hitting prices as high as 71 cents and number ones have topped 76 cents at some locations.
– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 46 cents per pound.
