By Commodity News Service Canada
Winnipeg, April 4 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Monday, April 4.
– Canada is running out of exportable pulse supplies, according to a report from the Western Producer. However, large new crop seedings should replenish the pipeline in 2016/17.
– Canada exported 45,100 tonnes of peas and only 100 tonnes of lentils during the week ended March 27, according to the most recent data from the Canadian Grain Commission. Exports of both major pulse crops are running well ahead of the previous year’s pace.
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– US farmers will be planting more lentils and peas this spring as well, according to the USDA prospective plantings report out last week, but some of the gains in those two crops will come at the expense of edible beans – which are expected to be down on the year.
– Green pea prices in the C$9.00 to C$9.75 per bushel range are being reported in Western Canada. Meanwhile, top end yellow peas are going for as much as C$14.00 per bushel in some locations. Red lentil bids of 51 cents per pound now being reported in some locations. Meanwhile, number two large green lentils are hitting prices as high as 75 cents and number ones have topped 80 cents at some locations.
– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 47 cents per pound.
